By: Bruce Japsen
Forbes
Anthem, the nation’s second largest health insurer, expects no change in its 2020 profit forecast despite the ongoing increase in cases of the Coronavirus strain Covid-19 hurting other industries and providers of medical care.
The insurer, which owns Blue Cross and Blue Shield plans in 14 states, Tuesday said the company will be reaffirming its “net income guidance for full year 2020” in a series of upcoming investor meetings and expects it to be “greater than $21 per share.”
Health insurers including Anthem, the Aetna unit of CVS Health, Cigna, Humana and UnitedHealth Group have been doing well in the first part of the year in part because hospitals and other healthcare facilities have been canceling or postponing elective surgeries to make room for Covid-19 patients.