Anthem Gains Obamacare Customers And Sees Profits, Expansion Ahead

Employee benefits consultant broker New Jersey

Anthem’s first quarter earnings were better than expected as the company welcomed 1 million new customers across its businesses since the end of last year, including 184,000 who signed up for coverage on public exchanges under the Affordable Care Act.

In contrast to UnitedHealth Group UNH -0.83%, which is scaling back to a handful of public exchanges to sell individual policies, Anthem ANTM -2.43% sees the so-called Obamacare business as a growth opportunity. Anthem, which sells policies under the Blue Cross and Blue Shield brand in 14 states, expects to remain in those markets next year with the potential for expansion should its merger with Cigna CI -0.57% be approved.

 

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