Health insurer WellPoint said it expects its 2010 operating revenue to be about $59 billion and its medical enrollment to include about 33.3 million members by year end.
WellPoint expects 33.3 million enrollees by year end
In its March 17 forecast, Indianapolis-based Wellpoint also said it expects operating cash flow to be about $1.1 billion, which includes tax payments of $1.2 billion related to the sale of the company's NextRx pharmacy benefit management companies, as well as an unfavorable impact of $300 million related to the run-off of certain business lines that came to a close at the end of 2009. Net income is expected to be about $6.00 per share, the company said.
Late last month, the company made news when Wellpoint President and CEO Angela Braly testified before Congress and supported premium increases of up to 39% in the state of California, while Democratic legislators cited internal company communication as evidence that Wellpoint has placed profits over patients. Earlier in February, Wellpoint reported total operating revenue of $60.83 billion for 2009, compared with $61.58 billion in 2008.
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