UPDATE 2-U.S. health insurer Anthem's quarterly profit beats estimates [Reuters]
Anthem, Inc. (ANTM)
Last anthem, inc. earnings: 4/29 06:00 am
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Source: Reuters
U.S. health insurer Anthem's quarterly profit beats estimates | Reuters Reuters Staff 3 Min Read (Reuters) - Anthem Inc reported better-than-expected profit in the third quarter as United States’ second biggest health insurer added more members in its commercial and specialty business and increased its premium rates. The company, which has reduced its presence in the Obamacare markets, raised its 2017 adjusted earnings forecast to $11.90 to $12.00 per share, up from its previous expectation of earnings of greater than $11.70. Anthem said on Tuesday it would acquire America’s 1st Choice, a privately held for-profit Medicare Advantage company, expanding its presence in Florida. Medicare Advantage, an alternative to the standard fee-for-service Medicare in which private insurers manage health benefits, is the fastest growing form of government healthcare. Anthem’s “solid beat & raise” third quarter is likely to quell investor fears ahead of the quarter, which Leerink analysts expect will
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