Health insurance provider WellPoint raises earnings forecast; Obamacare sparks enrollment spike

INDIANAPOLIS - WellPoint is already raising a 2014 earnings forecast it laid out earlier this year, but the nation's second largest health insurer's projections are still below analyst expectations.

The Blue Cross Blue Shield insurer, based in Indianapolis, says it now expects full-year earnings to be greater than $8.20 per share. WellPoint had said in late January that it expected earnings to be greater than $8 per share.

Analysts forecast earnings of $8.37 per share.

The insurer is selling coverage on several state-based health insurance exchanges created by the health care overhaul. It says its medical enrollment could grow 3 percent or 4 percent this year.

WellPoint Inc. shares climbed 69 cents to top $100 in premarket trading and approach an all-time high price of $100.59 that the stock reached Wednesday.

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