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Anthem gains under Obamacare, tops earnings estimate

While UnitedHealth pulls out of the PPACA marketplace, Anthem makes plans to stick around.

By Marlene Y. Satter | Updated on April 27, 2016
Photo: Getty Images

Where others are crying failure and leaving the marketplace, Anthem has not only gained customers under the Patient Protection and Affordable Care Act (PPACA) and plans to stick with the program.

According to Forbes, although other companies claim not to have been so fortunate — UnitedHealth Group, for instance, is dropping out of all but a few exchanges — Anthem sees opportunity beckoning.  After a year of growth — not only were its earnings better than expected, but it added 1 million new customers since the end of last year, 184,000 of whom were Obamacare enrollees — the company expects to do even better next year, particularly if its planned merger with Cigna gets the green light.

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