NU Online News Service, Oct. 25, 3:18 p.m. – WellPoint Health Networks Inc., Thousand Oaks, Calif., and a company that it has agreed to acquire, RightCHOICE Managed Care Inc., St. Louis, are both reporting higher net income for the third quarter.
WellPoint is reporting $108 million in net income for the quarter on $3.3 billion in revenue, up from $90 million in net income on $2.4 billion in revenue for the third quarter of 2000.
RightCHOICE is reporting $21 million in net income for the quarter on $300 million in revenue, up from $8.6 million in net income on $272 million in revenue.
WellPoint is a large, national managed care company that holds the Blue Cross license for California and the Blue Cross and Blue Shield licenses for Georgia.
RightCHOICE holds the Blue Cross and Blue Shield licenses for Missouri.