Wall Street estimated a medical cost ratio of 85.8 percent for Anthem, according to FactSet data cited by Barron’s. However, Anthem reported a medical cost ratio of 86.7 percent.
Anthem said the missed medical cost ratio was due to, among other things, “medical cost experience in the Medicaid business.”
Year to date, Anthem shares are up 15 percent and are outperforming the S&P 500 Managed Health Care subsector. Anthem ended the second quarter with a $1.1 billion profit, up 8.1 percent year over year.
More articles on payers:
UnitedHealth records $3.3B profit in Q2
The average price for treating primary care conditions in ED? $2,032, UnitedHealth says
‘Medicare for All’ unlikely to increase hospital use, study suggests
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
