Thursday, April 23, 2009
Insurers feeling recession pain
WellPoint Inc., the nation's largest health insurer, has announced a 1.3 percent drop in first quarter income and a loss of 500,000 members since December. According to reports (WSJ, subscription required), WellPoint had expected a loss in membership, but was surprised by the loss of 325,000 members due to layoffs or discontinuance of employer-sponsored plans.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment