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Higher rates, membership fuel Anthem’s quarterly profit
Modern Healthcare

Anthem raised financial guidance for the rest of the year after the Indianapolis-based health insurer posted $865.2 million in profit, a 23.4% jump from the same period last year.

Premium rate hikes, large growth among its Medicaid health plans and lower medical claims all contributed significantly to Anthem’s profitable quarter, the company said Wednesday. Earnings per share totaled $3.09, well above Wall Street’s consensus prediction.

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