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Anthem sees profits jump 30 percent after shedding Obamacare customers

By Kimberly Leonard
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Anthem sees profits jump 30 percent after shedding Obamacare customers

Health insurer Anthem saw a boost in profits during the first quarter after it decided to sell fewer Obamacare plans and instead focus on Medicare Advantage.

The company’s profits increased 30 percent, to $1.3 billion, compared to the first quarter of 2017, according to its latest earnings report.

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Affordable Care Act Insurance Industry