Anthem Falls As Medicaid, Obamacare Results Pressure Margins
- Membership climbs by 1 million to 39.6 million people
- Medical loss ratio increases to 81.8 cents per premium dollar
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Anthem Inc., the No. 2 U.S. health insurer, fell in New York trading as costs tied to its Medicaid and Affordable Care Act businesses pressured margins.
The shares fell 2.8 percent to $142.91 at 11:24 a.m. Wednesday. Anthem spent 81.8 cents of every premium dollar on medical claims in the first quarter, up from a medical-loss ratio of 80.2 percent a year earlier, according to a statement.