Anthem Inc. said its enrollment through the Affordable Care Act’s exchanges grew more than expected in the first months of the year. The company said it is still targeting a slim positive margin on the business this year, striking a guardedly optimistic tone about the marketplaces amid questions about their sustainability.
The No. 2 U.S. health insurer said it had 975,000 exchange enrollees at the end of the first quarter, up by around 184,000 since the end of the year. The increase drew sharp questions from analysts after UnitedHealth Group Inc.’s recent announcement that it would withdraw from all but a handful of the exchanges after steepening losses.
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