profits

ANTHEM (ELEVANCE HEALTH) POSTS STRONG SECOND QUARTER 2022 PROFITS, BEATING ANALYSTS’ EXPECTATIONS

Anthem, Inc., now known as Elevance Health, reported strong profits of $2.4 billion for the second quarter of 2022, an increase of 13.7% over the prior year quarter. Anthem’s operating revenues were also sharply up, growing 15.6% over the prior year quarter to $38.5 billion. Anthem’s adjusted net income was $8.04 per share, beating analysists’ …

ANTHEM (ELEVANCE HEALTH) POSTS STRONG SECOND QUARTER 2022 PROFITS, BEATING ANALYSTS’ EXPECTATIONS Read More »

UNITEDHEALTH GROUP’S LOWER THAN EXPECTED MEDICAL COSTS CONTRIBUTED TO ITS STRONG SECOND QUARTER PROFITS, BEATING ANALYSTS’ EXPECTATIONS

UnitedHealth Group’s second quarter 2022 earnings report showed that its medical care ratio (MCR) was 81.5%, lower than its expected MCR of 83%. An insurer’s MCR, which is frequently referred as the medical loss ratio, represents the insurer’s spending on claims compared with its earnings from premiums. United’s lower than expected MCR means that it …

UNITEDHEALTH GROUP’S LOWER THAN EXPECTED MEDICAL COSTS CONTRIBUTED TO ITS STRONG SECOND QUARTER PROFITS, BEATING ANALYSTS’ EXPECTATIONS Read More »

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