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Anthem profit beats as government business grows

Health insurer Anthem Inc. on Wednesday reported a better-than-expected increase in revenue and earnings in its third quarter, driven in part by strong performance in its government-business segments.

On the heels of its latest results, Anthem updated its forecast for annual adjusted earnings to a range of $10.10 to $10.20 per share. Previously the company had expected earnings greater than $10. Anthem added that Medical membership is now expected to be in the range of 38.3 million to 38.5 million.

In the latest quarter, medical enrollment grew 3.1% from a year earlier to about 38.7 million as of Sept. 30. Revenue in the government-business segment jumped 21% to 10.33 million.

Anthem said the increase was driven by...


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