Research Desk Line-up: Connecture Post Earnings Coverage
LONDON, UK / ACCESSWIRE / August 15, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Anthem, Inc. (NYSE: ANTM), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=ANTM. The Company announced on August 11, 2017, its plan to exit Obamacare markets in Virginia and reduce its plan offerings in Washington and Scott counties and the city of Bristol next year. For immediate access to our complimentary reports, including today's coverage, register for free now at:
http://protraderdaily.com/register/
Discover more of our free reports coverage from other companies within the Health Care Plans industry. Pro-TD has currently selected Connecture, Inc. (NASDAQ: CNXR) for due-diligence and potential coverage as the Company announced on August 07, 2017, its financial results for Q2 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Connecture when we publish it.
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on ANTM; also brushing on CNXR. Go directly to your stock of interest and access today's free coverage at:
http://protraderdaily.com/optin/?symbol=ANTM
http://protraderdaily.com/optin/?symbol=CNXR
Volatility and Shrinking Market
In May this year, Anthem announced it would exit marketplaces in Wisconsin, Indiana, and Ohio. Then it declared on Monday, August 07, 2017 that it would no longer offer Obamacare plans in Nevada's state exchange and half of Georgia's counties in 2018.And then on Friday, August 11, 2017, the Company announced that it would only offer off-exchange plans in Washington and Scott counties and the city of Bristol. These changes could affect around 200,000 people.
The insurer cited individual market volatility as one of its reasons for exiting. The planning and pricing have become increasingly difficult because of a shrinking market as well as changes and uncertainty from the federal government.
The insurer has time till September 27, 2017, to decide whether it will leave more exchanges.
Uncertainty over Healthcare Legislation
The Insurer stated continual changes and uncertainty in the operation, rules, and guidance of the healthcare law another important reason for its exit. Insurers in the US are going through an upheaval in their business, owing to the uncertainty in the healthcare legislation as the Republican lawmakers are trying to follow on their promise to repeal and replace the Affordable Care Act. Under the Affordable Care Act, insurance companies are needed to pay subsidies to low-income consumers. These subsidies help the consumers to offset the cost of premiums and co-payments.
The announcement by Anthem has come almost two weeks after President Donald Trump threatened to cut the healthcare subsidy payments that make Obamacare plans affordable. He made such an announcement after repeatedly failing in his efforts to dismantle former President Barack Obama's healthcare law.
Other Insurers Also Quit
Anthem is not the only insurer that plans to leave the Obamacare marketplaces. Other health insurers such as UnitedHealth Group Inc. (NYSE: UNH), Aetna Inc. (NYSE: AET), and Humana Inc. (NYSE: HUM) have also exited most of the states where they used to sell plans. Moreover, Molina Healthcare Inc. (NYSE:MOH) also declared last week that it would stop selling Obamacare plans in Utah and Wisconsin.
US at Risk of Losing Health Coverage
In this regard, the insurers have demanded the Government to commit to making the $8 billion in subsidy payments for 2018. They have also threatened that they may raise rates or leave the individual insurance marketplace if there is too much uncertainty. This puts hundreds of US counties at risk of losing access to private health coverage in 2018 as most health insurers are considering exiting those markets in the coming months.
About Anthem
Anthem is an American health insurance Company that works to transform health care with its trusted and caring solutions. It delivers quality products and services that give its members access to the care they need. With over 74 million people served by its affiliated companies, including approximately 40 million within its family of health plans, Anthem is one of the nation's leading health benefits companies.
Last Close Stock Review
On Monday, August 14, 2017, the stock closed the trading session at $191.31, rising slightly by 0.99% from its previous closing price of $189.43. A total volume of 939.72 thousand shares have exchanged hands. Anthem's stock price skyrocketed 4.94% in the last three months, 16.99% in the past six months, and 46.95% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 33.07%. The stock is trading at a PE ratio of 18.10 and has a dividend yield of 1.46%. At Monday's closing price, the stock's net capitalization stands at $50.31 billion.
Pro-Trader Daily:
Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: contact@protraderdaily.com
Phone number: (917) 341.4653
Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Pro-Trader Daily
ReleaseID: 472616
