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Anthem Expects Covid to Keep Medical Costs Elevated in 2022

Healthcare workers treat a patient on the Covid-19 ICU floor of UMass Memorial Hospital in Worcester, Massachusetts.

Healthcare workers treat a patient on the Covid-19 ICU floor of UMass Memorial Hospital in Worcester, Massachusetts.

Photographer: Allison Dinner/Bloomberg
Updated on

Anthem Inc. said medical costs in 2022 will still be elevated due to Covid-19, a sign that the pandemic will continue to cast a shadow over the health industry as it enters its third year.

“We anticipate another year in which the overall cost of care will track above normalized levels driven by Covid-related treatment, vaccination and testing costs,” Anthem Chief Financial Officer John Gallina said on a call with analysts.