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Insurer Anthem underwhelms Wall Street with 2021 forecast by Tom Murphy, The Associated Press Posted Jan 27, 2021 9:21 am EDT Last Updated Jan 27, 2021 at 9:26 am EDT FILE - In this May 14, 2019, file photo a flag flies the outside of the corporate headquarters building of health insurance company Anthem is shown in Indianapolis. Anthem and Wall Street are starting 2021 with different ideas for how the health insurer’s year will turn out. The Blue Cross-Blue Shield insurer said Wednesday that it expects adjusted annual earnings to be greater than $24.50 per share, counting hits it expects f...

Dive Brief: Health insurer Anthem's profits fell 41% in the fourth quarter of last year, due to a resurgence in care that patients put off earlier in 2020 amid the coronavirus pandemic. Net income dropped to $551 million, compared to $934 million in the fourth quarter of 2019, though revenues were up 16% to $31.5 billion on higher premiums and investment income, beating Wall Street expectations. Enrollment also strengthened in the fourth quarter, following quarter-over-quarter declines in the second and third quarters during the first surge of COVID-19 and subsequent economic recession. Div...

Jan 21, 2021 UnitedHealth’s fourth-quarter earnings tumbled as costs from COVID-19 hit the health insurance provider, but results still easily beat expectations. Health care use rebounded in the final quarter of 2020 after the global pandemic kept people away from doctor offices and surgery centers when it first spread earlier last year. UnitedHealth also said Wednesday that its insurance business spent more in the quarter covering claims for COVID-19 testing and treatment. They accounted for 11 percent of all care activity, not counting prescriptions. That’s up from 6 percent in the th...

UnitedHealth’s fourth-quarter earnings tumbled as costs from COVID-19 hit the health...

Last-minute COVID costs cut into UnitedHealthcare's $396 million operating income AP A spike in COVID-19 costs cut into UnitedHealthcare's operating income during the final quarter of the year, although an enrollment increase for government-led plans and customer retention among its commercial business stabilized the insurer's 2020 business. At the end of the fourth quarter on December 31, UnitedHealth Group's insurance subsidiary UnitedHealthcare reported an operating income of $396 million, a decline from $2.1 billion in 2019. The payer reported $50.3 billion in revenue in the fourth quart...