Anthem Sees Exodus of Exchange Members in Q3

Anthem lost almost 70,000 members from the individual exchanges in the third quarter this year, and many of those people moved from Anthem to another health insurer in the market. The migration is expected to continue in the fourth quarter and parts of 2016.

However, Anthem CEO Joseph Swedish said Wednesday that people were flocking to competitors because of "unsustainable pricing" and expressed confidence Anthem would gain more exchange members in the long term. "We are well-positioned for growth as this market stabilizes," he said.

Read Full Article »
Comment
Show commentsHide Comments

Related Articles