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
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Anthem to exit Obamacare market in Virginia next year

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/11/2017 | 07:56pm EST
FILE PHOTO: The office building of health insurer Anthem is seen in Los Angeles, California

U.S. health insurer Anthem Inc (>> Anthem Inc) said on Friday it will exit Obamacare markets in Virginia and reduce its plan offerings in Washington and Scott counties and the city of Bristol next year.

U.S. health insurer Anthem Inc (>> Anthem Inc) said on Friday it will exit Obamacare markets in Virginia and reduce its plan offerings in Washington and Scott counties and the city of Bristol next year.

The move comes nearly two weeks after President Donald Trump took aim at insurers by threatening to cut the healthcare subsidy payments that make Obamacare plans affordable, after repeatedly failing in his efforts to dismantle former President Barack Obama's healthcare law.

Insurers are facing an upheaval in their health insurance businesses due to uncertainty over the healthcare legislation as Republican lawmakers seek to follow through on their promise to repeal and replace the Affordable Care Act.

Health insurers, such as UnitedHealth Group Inc (>> UnitedHealth Group), Aetna Inc (>> Aetna Inc) and Humana Inc (>> Humana Inc), have also exited most of the states where they used to sell plans.

The insurers have asked the government to commit to making the $8 billion in subsidy payments for 2018, saying they may raise rates or leave the individual insurance marketplace if there is too much uncertainty.

On Monday, Anthem said it would no longer offer Obamacare plans in Nevada's state exchange and half of Georgia's counties in 2018.

The company said on Friday it will only offer off-exchange plans in Washington and Scott counties and the city of Bristol.

Hundreds of U.S. counties are at risk of losing access to private health coverage in 2018 as health insurers consider pulling out of those markets in the coming months.

Last week, Molina Healthcare Inc (>> Molina Healthcare, Inc.) said it would stop selling Obamacare plans in Utah and Wisconsin.

(Reporting by Divya Grover in Bengaluru; Editing by Shounak Dasgupta)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ANTHEM INC
11/18 ANTHEM : In Big Win for JDRF's Coverage2Control Campaign, Anthem Decides to Cove..
11/18 ANTHEM : NH Insurance Department Clarifies Anthem Letter to Minuteman Health Mem..
11/18 ANTHEM : Hartford Healthcare, Anthem Reach Deal
11/16 ANTHEM : Names Greg Poulakos President of Anthem Life & Disability Business
11/15 A.M. BEST : Assigns Issue Credit Ratings to Anthem, Inc.’s Forthcoming Sen..
11/15 ANTHEM : Jerry Jones isn't going anywhere
11/14 ANTHEM, INC. : Other Events, Financial Statements and Exhibits (form 8-K)
11/14 ANTHEM : Launches Cash Tender Offers for Certain Outstanding Debt Securities
11/14 ANTHEM : Briefly Briefly
11/12 ANTHEM : President Reaches Out To Hartford HealthCare In Effort To End Contract ..
More news
News from SeekingAlpha
11/13 Anthem to cover balloon sinus dilation by Entellus Medical's XprESS device
11/12 Medicaid For All Or Business As Usual?
11/10 Tracking Dan Loeb's Third Point Portfolio - Q3 2017 Update
11/09 Anthem no longer requires 6MWT to pay for Sarepta's Exondys 51
11/06 Anthem poaches UnitedHealth Group exec as new CEO; shares up 2%
Financials ($)
Sales 2017 88 719 M
EBIT 2017 4 600 M
Net income 2017 2 826 M
Debt 2017 -
Yield 2017 1,21%
P/E ratio 2017 20,29
P/E ratio 2018 17,88
Capi. / Sales 2017 0,64x
Capi. / Sales 2018 0,62x
Capitalization 56 700 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 4,4%
EPS Revisions
Managers
NameTitle
Joseph R. Swedish Chairman, President & Chief Executive Officer
John E. Gallina Chief Financial Officer & Executive Vice President
Craig E. Samitt Chief Clinical Officer & Executive Vice President
Ramiro G. Peru Independent Director
Julie Anne Hill Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ANTHEM INC53.60%56 700
UNITEDHEALTH GROUP31.15%202 944
AETNA INC39.67%56 481
CIGNA CORPORATION48.41%48 809
HUMANA INC14.42%33 352
CENTENE CORP68.36%16 556