Navigation Links
WellPoint Reports Fourth Quarter and Full Year 2007 Results
Date:1/23/2008

t, chief financial officer of WellPoint, Inc. "We expect to continue generating strong cash flow in excess of our net income, and we plan to utilize our capital to expand product offerings, enhance services and improve returns for our shareholders. We expect to repurchase more than $4.0 billion of our stock during 2008, subject to market conditions."

CONSOLIDATED HIGHLIGHTS

Membership: Medical enrollment totaled 34.8 million members at December 31, 2007, an increase of 708,000 members from 34.1 million at December 31, 2006. The largest enrollment increase was realized in the National business, which grew by 537,000 members. Large, multi-state organizations continue to be attracted to WellPoint's compelling value proposition, which includes access to the broadest provider network in the industry, competitive pricing, leading wellness and care management programs, and innovative products and services.

Membership in State Sponsored business increased by 292,000 during 2007, as the Company entered new markets with its Medicaid managed care programs. The Company also expanded geographically in the Senior business, adding 57,000 members, and enrollment in the Federal Employee Program ("FEP") increased by 23,000. Membership declined by 201,000 members in the Local Group and Individual businesses, collectively, during 2007. Approximately 90 percent of these enrollment declines occurred in the Company's non-Blue branded service areas.

During the fourth quarter of 2007, the state of Connecticut implemented changes to its Medicaid managed care programs which resulted in approximately 144,000 members converting from fully insured to self-funded contractual arrangements. The Company is currently servicing these members under a self- funded arrangement that expires on February 29, 2008, unless extended.

In January 2008, the Company provided notice to the state of Ohio that it will terminate participation in the Ohio Covered Families & Children's
'/>"/>

SOURCE WellPoint, Inc.
Copyright©2008 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23

Related medicine news :

1. WellPoint Announces Consumer Innovation Opportunity
2. WellPoint Appoints Brian A. Sassi as President and CEO of the Companys Consumer Business Unit
3. WellPoint Executive Mark Boxer Recognized as One of Computerworlds 2008 Premier 100 IT Leaders
4. WellPoint Announces Appointment of John Langenus as President of Anthem National Accounts
5. WellPoint Highlights 2007 Accomplishments and Strong 2008 Outlook at Annual Investor Meeting
6. WellPoint Announces Appointment of John Cannon III as Executive Vice President & General Counsel
7. WellPoint Provides Support and Resources to Most Vulnerable California Residents
8. WellPoint Taps Zagat Survey to Help Consumers Rate Experiences with Their Doctors
9. WellPoint Reports Third Quarter 2007 Results
10. WellPoint NextRx Receives National Leadership Award for Innovative Web Tool
11. Wellpoint NextRx Receives TIPPS Certification from the HR Policy Association
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/15/2009)... but not delivered ,, WASHINGTON, Dec. 15 ... to ensure that healthcare reform does not override ... insurance companies in 37 states. ,, Prostate cancer ... the population and individuals who are identifiable as ... who have a family history of prostate cancer. ...
(Date:12/15/2009)... 15 4R Systems, Inc., a leading ... which help retailers significantly increase profits by optimizing ... today that The Vitamin Shoppe has been utilizing ... store and DC inventory solutions have helped us ... in-stocks over the last two years," said Tony ...
(Date:12/15/2009)... following are the remarks by Lanny A. ... at the Medicare Fraud Strike Force press conference: ... for the enormous effort everyone at HHS is ... our Departments have and will continue to accomplish ... progress in fighting Medicare fraud in South Florida, ...
(Date:12/15/2009)... Lead to Indictment of 30 Individuals Charged in ... Million in Fraudulent Billing to Medicare ... have been charged in three cities for their ... $61 million in false Medicare claims as part ... Strike Force, Department of Health and Human Services ...
(Date:12/15/2009)... Volunteer service, such as tutoring children, can help ... according to a study led by researchers at ... Using functional magnetic resonance imaging (fMRI), the researchers ... program made gains in key brain regions that ... one,s daily life. The study is the first ...
Breaking Medicine News(10 mins):Health News:Men's Health Network Calls on Congress to Complete President Obama's Promise on Health Care Reform 2Health News:4R's Profit Optimizing Inventory Solutions Helps The Vitamin Shoppe Drive Increased Productivity and Performance 2Health News:4R's Profit Optimizing Inventory Solutions Helps The Vitamin Shoppe Drive Increased Productivity and Performance 3Health News:4R's Profit Optimizing Inventory Solutions Helps The Vitamin Shoppe Drive Increased Productivity and Performance 4Health News:Remarks by Lanny A. Breuer, Assistant Attorney General for the Criminal Division, at the Medicare Fraud Strike Force Press Conference 2Health News:Remarks by Lanny A. Breuer, Assistant Attorney General for the Criminal Division, at the Medicare Fraud Strike Force Press Conference 3Health News:Medicare Fraud Strike Force Expands Operations Into Brooklyn, N.Y.; Tampa, Fla.; and Baton Rouge, La. 2Health News:Medicare Fraud Strike Force Expands Operations Into Brooklyn, N.Y.; Tampa, Fla.; and Baton Rouge, La. 3Health News:Medicare Fraud Strike Force Expands Operations Into Brooklyn, N.Y.; Tampa, Fla.; and Baton Rouge, La. 4Health News:Medicare Fraud Strike Force Expands Operations Into Brooklyn, N.Y.; Tampa, Fla.; and Baton Rouge, La. 5Health News:For older adults, participating in social service activities can improve brain functions 2
... Sunday, smoking ban in enclosed public places will be activated. ... studies// in the world that will probe the impact of ... ,The study, budgeted at a mammoth ?140,000, will be funded ... University researchers, who will study the health of 360 bar ...
... Dana-Faber Cancer Institute has come out with a new ... life-threatening complication of donor bone marrow and stem cell ... drug known as rituximab, grew out of recent discoveries ... transplanted cells and recipients' own tissue. In the new ...
... A case of hospital negligence stands substantiated in yesterday’s ruling ... to a lady patient who had suffered a large abscess. ... had she been referred to a specialist. The hospital had ... ,A fatal accident inquiry has revealed that due to ...
... (WHO) and UNICEF have announced a new formula for ... designed to minimize the occurrence of acute diarrhoeal disease.// ... achieve the target of reducing child mortality by two-thirds ... of child mortality and kills nearly 2 million children ...
... Ministry of Health in China has revealed that just over ... of HIV/AIDS//. ,This survey was conducted recently by a ... answers from 1,919 respondents in 24 colleges of 19 cities.,The ... are aware of how HIV/AIDS is transmitted and 75.6 per ...
... lower the risks of a heart attack, according to ... are laid down early in life. ,Helen ... Dallas, and her colleagues examined nearly 13,000 people enrolled ... Minnesota, North Carolina and Maryland, reported the online edition ...
Other Medicine News:Health News:Rituximad Can Treat Chronic Graft-Versus-Host Disease: Study 2Health News:Rituximad Can Treat Chronic Graft-Versus-Host Disease: Study 3
(Date:12/15/2009)... PARK, Calif., Dec. 15 SRI International, ... today the award of U.S. patent 7,592,021 for ... enhanced release of drugs through the human body,s ... drug delivery and allows for a much longer ... or liquids. ,, Transmucosal delivery is an effective ...
(Date:12/15/2009)... Medical researchers with EDP Biotech Corporation ... new technology for a simple blood test to ... the success of its pre-clinical trials for the ... the biomarker, CA11-19, and all aspects of its ... will detect colon cancer in its earliest, most ...
(Date:12/15/2009)... Cumberland Pharmaceuticals Inc. ( CPIX) ... a patient preference study evaluating Kristalose ( lactulose ... as a crystalline powder, compared to similar products ... prescription-strength laxative available in pre-measured powder packets. Over ... diagnosis of chronic constipation were administered both Kristalose ...
Breaking Medicine Technology:SRI International Receives U.S. Patent for Needle-Free Transmucosal Drug Delivery System 2SRI International Receives U.S. Patent for Needle-Free Transmucosal Drug Delivery System 3SRI International Receives U.S. Patent for Needle-Free Transmucosal Drug Delivery System 4SRI International Receives U.S. Patent for Needle-Free Transmucosal Drug Delivery System 5Researchers Announce Medical Breakthrough with Simple, Inexpensive Blood Test for Colon Cancer 2Kristalose(R) Preferred by Patients With Chronic Constipation Compared to Similar Products in a Recent Study 2Kristalose(R) Preferred by Patients With Chronic Constipation Compared to Similar Products in a Recent Study 3Topping Out Ceremony Marks Milestone in Construction of University Medical Center of Princeton at Plainsboro 62579 1Topping Out Ceremony Marks Milestone in Construction of University Medical Center of Princeton at Plainsboro 62579 2Topping Out Ceremony Marks Milestone in Construction of University Medical Center of Princeton at Plainsboro 62579 3Topping Out Ceremony Marks Milestone in Construction of University Medical Center of Princeton at Plainsboro 62579 4Ginger Prices Could Skyrocket on H1N1 Fears 62576 1Ginger Prices Could Skyrocket on H1N1 Fears 62576 2AAHSA Statement on Passage of Bennet Health Reform Amendment 62573 1
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
Medicine Products: