Texas Agent

WellPoint Falls Hard; Valuation Looks Compelling

I am glad to see the big players at Wellpoint reap what they have sown. In December of 2007, they cut agents renewal commission on new business by 30%, they no longer pay commission on extra premium for smokers, or people with health impairments. This is a 40% decrease to the lowly agent.

At the same time Mr. Glasscock, and Ms. Bray pulled over 200 million out of the company in stock options. If their objective was to ruin the company by upsetting the agents , and reducing new sales.

I Would Say Congratulations MISSION ACCOMPLISHED!