Anthem: Regulators More Open to ACA Rate Increases -- Market Talk
DOW JONES & COMPANY, INC. 1:44 PM ET 6/7/2016
13:44 ET - Anthem says regulators are appearing more open to rate increases on Affordable Care Act plans this year. State departments of insurance, as well as federal regulators, "are actually more receptive of some of the higher rate increases than we've seen in the past," says CFO John Gallina. Anthem also says it is now targeting 2018 to achieve its target margins on the ACA business, which it has previously said are 3% to 5%. For 2015, the insurer said, the ACA business was essentially breakeven, while 2016 should be "incrementally profitable," 2017 will come "a lot closer" to the margins goal, and the company hopes to achieve its target margins the following year. (anna.mathews@wsj.com; @ annawmathews)
(END) Dow Jones Newswires
06-07-161344ET
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