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Reuters: WellPoint cuts 2008 profit outlook, shares tumble

Started by chris, March 11, 2008, 12:01:03 AM

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chris

WellPoint cuts 2008 profit outlook, shares tumble
      


NEW YORK (Reuters) - Health insurer WellPoint Inc  cut its 2008 profit outlook on Monday, citing higher-than-expected medical costs and lower-than-expected enrollment, sending shares 18 percent lower in after-hours trading.
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