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First Quarter 2006 Earnings Conference Call Transcript
WellPoint reported first quarter 2006 net income of $1.09 per share, which met expectations and extended their streak of meeting or beating guidance to 18 quarters. Total operating revenue reached $13.6 billion, up 26% year-over-year. Medical membership increased by over 300,000 in the quarter to 34.2 million total. The company saw growth across business segments, including a 1.3 million member increase in Medicare Part D enrollment. WellPoint remains focused on reducing costs and improving quality through initiatives like increased price and quality transparency, data analytics, and expanding their specialty pharmacy business.
