The company's leading market position -- a combination of national scale and local depth -- is expected to continue to generate strong growth and
enhanced value for members.
INDIANAPOLIS, Dec. 11 /PRNewswire-FirstCall/ -- WellPoint, Inc. (NYSE: WLP) today hosted its 2007 investor conference in Westlake Village, California. During the meeting, WellPoint's executive leadership team reviewed the company's performance over the past year and offered detailed company guidance for 2008.
"Our accomplishments during 2007 reflect the superior value proposition
WellPoint brings to the marketplace. During the year, WellPoint continued
to deliver strong enrollment growth and expanded the services and value we
offer to our members," said Angela F. Braly, president and chief executive
officer of WellPoint. "WellPoint also is improving our operational
efficiency and reducing administrative costs as a percentage of revenue,
while making strategic investments to grow our business in the future and
provide superior service to our members."
Some of the milestones WellPoint achieved in 2007 included:
- Adding 704,000 members through the first nine months of the year,
including providing policies to an estimated 280,000 members who
previously had no health insurance.
- Rolling out industry-leading consumer driven health plans to all
- Successfully completing several system migrations, resulting in lower
technology production costs and improved information management
- Improving the selling, general and administrative expense ratio by 100
basis points during the first nine months of the year compared to the
first nine months of 2006.
- Introducing an Action Plan for the Uninsured, a comprehensive plan to
help reduce the growing ranks of the uninsured through a blend of
|SOURCE WellPoint, Inc.|
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