Anthem delivered a better-than-expected first quarter and pushed its 2021 forecast past expectations, as growing Medicaid enrollment helped the health insurer.
The Blue Cross-Blue Shield insurer said Wednesday that it now expects full-year earnings to come in at greater than $25.10 per share.
It started 2021 with a forecast that fell well short of Wall Street projections.
The insurer saw enrollment in state and federally funded Medicaid plans that it manages jump 20% in the quarter to about 9.2 million people.
That countered a small drop in its more profitable commercial coverage, which includes employer-sponsored insurance.
