In 2019, Anthem’s Medicare Advantage enrollment grew by 20%, outpacing the market. According to Gail Boudreaux, chief executive officer of Anthem, Medicaid enrollment is expected to grow in 2020 by 400,000 people.
Medical enrollment as of the end of 2019 was 41 million members, a 2.7% increase from December 2018. The insurer’s government business increased by 854,000 due to growth in Medicaid and Medicare. Anthem’s commercial and specialty enrollment increased by 208,000.
Anthem also reported that its 2019 revenue grew 12.9% year over year to $103 billion, in part due to the successful launch of the insurer’s pharmacy unit IngenioRx. The insurance giant’s financial report also showed fourth-quarter revenue grew 16.4% to $27.1 billion compared to the same period last year and beat estimates. Again, Anthem attributed the increase to the launch of IngenioRx, the company’s pharmacy benefit manager. Overall, for 2019, Anthem posted $750 million in profit for the quarter and $5.9 billion for the year.
Anthem, Inc. focuses on being a valued health partner and delivering quality products and services that give members access to the care they need. With more than 74 million people served by Anthem, Inc.’s affiliated companies including approximately 40 million enrolled in the family of health plans, Anthem, Inc. is able to meet the needs of their diverse customers.
This was reported by Fierce Healthcare on January 29, 2020.
Contact information: Anthem, Inc., 220 Virginia Avenue, Indianapolis, Indiana 46204; 800-331-1476; Website: http://antheminc.com