Forbes
Health insurer Anthem’s profits doubled to $2.3 billion in the second quarter as elective procedures the large health insurer pays for were postponed or delayed amid the spread of the Coronavirus strain Covid-19.
Anthem, which operates Blue Cross and Blue Shield plans in 14 states, Wednesday said net income doubled to nearly $2.3 billion in the second quarter ended June 30 compared to $1.1 billion in the year ago quarter. Revenues rose 15% to $29 billion, the company said in its earnings report.