Anthem beats earnings estimates, outlines plans for pharmacy benefits unit [Reuters]
Anthem, Inc. (ANTM)
Last anthem, inc. earnings: 4/29 06:00 am
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Source: Reuters
Anthem beats earnings estimates, outlines plans for pharmacy benefits unit - Reuters 3 Min Read (Reuters) - Anthem Inc on Wednesday posted a better-than-expected quarterly profit and laid out its plans to transition most customers to its revamped pharmacy benefits business this year. Based on its first quarter results, including higher than anticipated revenue growth, the company said it now expects 2019 adjusted earnings to exceed $19.20 per share, up from its prior view of more than $19.00. Anthem, which operates Blue Cross Blue Shield plans in 14 states, is facing a changed health insurance landscape after separate deals by rivals Aetna and Cigna Corp to merge with the biggest U.S. pharmacy benefits managers (PBMs) last year. It is moving up plans made before those deals were announced to end years of relying on PBM Express Scripts, now part of Cigna, and will manage pharmacy benefits itself with help from CVS Health Corp. Most members will be moved to Anthem’s IngenioRx in the sec
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