Wednesday, May 2, 2018

Great to Remember When Negotiating Your Anthem Renewal, Costs DOWN 3%

I'm sure that will be reflected in all of your renewals ... from ABC News:  
Anthem's first-quarter earnings shot up 30 percent, and the Blue Cross-Blue Shield insurer hiked its 2018 forecast, as a drop in medical expenses bolstered its performance. 
The nation's second-largest health insurer joined rival UnitedHealth Group Inc. in topping analyst expectations for the quarter and hiking its 2018 forecast. 
Anthem said Wednesday that it now expects 2018 adjusted earnings to be greater than $15.30 per share after saying in January that they would exceed $15 per share. 
The new estimate tops the average analyst forecast for $15.13 per share, according to FactSet. 
In the first quarter, Anthem saw its largest expense, medical costs, fall 3 percent to $17.05 billion. New CEO Gail Boudreaux attributed that drop in part to the insurer's push to create "value based care models" across its markets. ...