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
08/12/2017 | 01:56am CEST
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
08/18 ANTHEM : Senate Democratic Leader's Statement on Anthem and Harvard Pilgrim Conf..
08/17 ANTHEM : exit would mean 1 local option for public exchange
08/17 ANTHEM : Harvard Pilgrim Confirms Participation in NH's Exchange for 2018
08/17 ANTHEM : Confirms Participation in NH Exchange for 2018
08/16 THE LATEST : Minuteman misses deadline for exchange plans
08/16 ANTHEM : Sens. Warner, Kaine Issue Statement on Anthem Decision to Leave Virgini..
08/15DJCENTENE : Nevada and Centene Reach Agreement on Insurance Markets
08/15 ANTHEM INC : Corporate News Blog - Anthem to Stop Selling Marketplace Plans in V..
08/15 ANTHEM : Health Careless
08/12 ANTHEM : to leave Va. market
More news
News from SeekingAlpha
06:20a Tracking Ole Andreas Halvorsen's Viking Global Portfolio - Q2 2017 Update
08/17 Obamacare subsidies will continue in August
08/16 U.S. government to make August cost-sharing payments to health insurers
08/16 CBO warns on end to health subsidies
08/15 Centene to offer Obamacare plans in Nevada next year
Financials ($)
Sales 2017 88 478 M
EBIT 2017 4 696 M
Net income 2017 2 762 M
Debt 2017 -
Yield 2017 1,41%
P/E ratio 2017 18,46
P/E ratio 2018 15,39
Capi. / Sales 2017 0,57x
Capi. / Sales 2018 0,54x
Capitalization 50 159 M
Chart ANTHEM INC
Duration : Period :
Anthem Inc Technical Analysis Chart | ANTM | US0367521038 | 4-Traders
Technical analysis trends ANTHEM INC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 208 $
Spread / Average Target 8,6%
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 INC32.87%50 159
UNITEDHEALTH GROUP20.41%184 496
AETNA INC25.64%51 293
CIGNA CORPORATION32.72%44 572
HUMANA INC21.20%35 736
CENTENE CORP47.97%14 400