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Wellpoint backpedals on previous forecast for double-digit Obamacare rate hikes

WellPoint, the second-largest U.S. health insurer, on Wednesday reported first-quarter profit that beat analysts' expectations and said that the individual exchanges created under health care reform were operating at a profit.
WellPoint, the second-largest U.S. health insurer, on Wednesday reported first-quarter profit that beat analysts' expectations and said that the individual exchanges created under health care reform were operating at a profit.
Kevin Elliott | Bloomberg | Getty Images
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