Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Anthem Inc    ANTM

ANTHEM INC (ANTM)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Anthem : Reverses Decision to Pull Out of ACA Exchange in Virginia

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/15/2017 | 09:37pm CET
By Anna Wilde Mathews 

Anthem Inc. agreed to offer Affordable Care Act exchange plans in much of Virginia next year, reversing an earlier decision to withdraw and ensuring that the state won't have any regions lacking marketplace coverage.

The decision is the latest twist in a continuing drama that has played out in states around the country, with state officials repeatedly -- and, so far, successfully -- scrambling to land insurers for potential bare patches on their ACA exchange maps. In addition to Virginia, states including Nevada, Ohio and Tennessee have managed to woo and cajole insurers to come in, after others decided to pull out, often citing uncertainty at the federal level about key aspects of the law.

Last week, Virginia officials said that 48 counties, 15 stand-alone cities and parts of a half-dozen more counties were at risk of lacking exchange insurers in 2018 after small insurer Optima Health announced it would scale back its planned coverage area. That decision came after major national insurers Anthem, UnitedHealth Group Inc. and Aetna Inc. had disclosed plans to leave the state's exchange entirely next year.

But earlier this week, Optima slightly expanded the area where it will sell exchange products next year, and Anthem on Friday announced it would keep selling marketplace plans in 68 cities and counties in Virginia, 63 of which had appeared at risk of lacking a marketplace insurer. Anthem said in a statement that since it learned of the regions that would lack marketplace plans, it "has been engaged in further evaluation and discussion with regulators to ensure that no bare counties or cities exist in the state" and that "as a result of the ongoing discussions," it agreed to change its withdrawal decision.

Virginia Gov. Terry McAuliffe, a Democrat, said in a statement that Anthem's "decision to make sure every locality in Virginia is served is a recognition that all Virginians need access to health care and a direct reflection of the intense effort by our administration, our Senators Mark Warner and Tim Kaine and our entire congressional delegation to convince Anthem of the value of continuing to offer plans in these localities."

Anthem, which has been a major exchange insurer in 14 states, has already announced it is exiting exchanges next year in four of them. Including Virginia, it is now planning to pull back in an additional five. It has also said it may leave the marketplace in another state, Maine.

Like other insurers, Anthem has flagged lack of clarity about key aspects of the ACA at the federal level as a reason for its decisions, including the uncertain fate of federal payments that are used to lower health-care costs for low-income ACA enrollees.

The Trump administration has threatened to halt these cost-sharing payments. Currently, some members of Congress are pushing legislation that would ensure they are funded, but it isn't clear whether a bill can pass in time to affect insurers in 2018.

Write to Anna Wilde Mathews at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ANTHEM INC
12/11 ANTHEM : NFL's Players Coalition compact is a misguided effort
12/07 ANTHEM, INC. : Change in Directors or Principal Officers, Regulation FD Disclosu..
12/07 ANTHEM : Board Welcomes Antonio Neri as New Director
12/06 ANTHEM : Blue Cross Blue Shield Policy in Indiana -- Violates Federal Law, Puts ..
12/05 Value-based models a driver of CVS-Aetna deal
12/05 CVS, Aetna executives defend $69 billion deal to skeptical Wall Street
12/05 CVS, Aetna executives defend $69 billion deal to skeptical Wall Street
12/05 CVS, Aetna executives defend $69 billion deal to sceptical Wall Street
12/04 A.M. BEST : Assigns Indicative Issue Credit Ratings to Anthem, Inc.’s New ..
12/04 CVS says deal to help build Anthem's drug benefit still on
More news
News from SeekingAlpha
12/09 Stocks to watch next week
12/07 Anthem boosts share buybacks by $5B
12/04 My Dividend Growth Portfolio Update - 48 Holdings, 1 Buy
12/01 Healthcare events next week
12/01 Anthem goes ex-dividend on Monday
Financials ($)
Sales 2017 88 576 M
EBIT 2017 4 600 M
Net income 2017 2 826 M
Debt 2017 -
Yield 2017 1,18%
P/E ratio 2017 20,77
P/E ratio 2018 18,30
Capi. / Sales 2017 0,66x
Capi. / Sales 2018 0,63x
Capitalization 58 033 M
Chart ANTHEM INC
Duration : Period :
Anthem Inc Technical Analysis Chart | ANTM | US0367521038 | 4-Traders
Technical analysis trends ANTHEM INC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 231 $
Spread / Average Target 2,1%
EPS Revisions
Managers
NameTitle
Gail Koziara Boudreaux President, Chief Executive Officer & Director
Joseph R. Swedish Chairman
John E. Gallina Chief Financial Officer & Executive Vice President
Craig E. Samitt Chief Clinical Officer & Executive Vice President
Ramiro G. Peru Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ANTHEM INC55.55%58 033
UNITEDHEALTH GROUP37.56%215 387
AETNA INC44.21%59 210
CIGNA CORPORATION54.43%51 568
HUMANA INC24.44%36 148
CENTENE CORP79.33%17 205