Healthcare DIVE January 26, 2022
Dive Brief:
- Anthem reported net income of $1.1 billion in the fourth quarter, more than double the payer’s profit from the same time last year, as consumers continued delaying non-essential care at the close of the pandemic’s second year.
- That was off total revenues of $36.6 billion, up 15%. The topline was driven by growth in premium revenue, especially in Anthem’s Medicaid and Medicare businesses, along with growth in pharmacy product revenue in its pharmacy benefit management arm IngenioRx. Higher-than-expected investment income also helped overall revenue, though that was partially offset by lower premiums than analysts estimated, along with lower commercial margins.
- Anthem’s membership grew by 2.4 million people over 2021 to cover 45.4 million members by year’s end,...
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