Report
Vishnu Lekraj
EUR 101.80 For Business Accounts Only

Despite No Major GOP Healthcare Reform, Uncertainty Still Reigns in Healthcare Insurance Market

Over the last quarter, all of the major managed-care companies have reported positive results, largely driven by lower medical costs. This cost containment has been especially impressive as UnitedHealth, Aetna, Anthem, Cigna, and Humana have been able to drive material membership growth, in particular from government-funded Medicare and Medicaid insurance programs. Even with this strong performance, we are holding all of our moat ratings and fair value estimates steady. We would attribute this s...
Underlying
Anthem Inc.

Anthem is an insurance holding company. Through its subsidiaries, the company is a health benefits company, serving medical members through its affiliated health plans. The company has three segments: Commercial & Specialty Business, which provides fully-insured health products, managed care services to self-funded customers, and other insurance products and services; Government Business, which includes Medicare and Medicaid businesses, its subsidiary, National Government Services, and services provided to the federal government in connection with its Federal Health Products and Services business; and Other, which includes pharmacy benefits management business and integrated health services business.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Vishnu Lekraj

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