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Exhibit 99.1
ANTHEM PROVIDES NATIONWIDE
COORDINATED RESPONSE TO COVID-19
Indianapolis, Ind. - April 29, 2020 - Against the backdrop of the national healthcare crisis, Anthem, Inc. (NYSE: ANTM) has been deeply committed to supporting its health plan members, customers, care providers, associates and local communities through affordable care and lasting recovery.
Anthem recognizes the important role we play as part of the national response to the COVID-19 pandemic, said President and CEO Gail K. Boudreaux. Guided by our mission and values, Anthem is engaging across the country and in our local communities to support our members, customers and partners with relief and care during this challenging time. We are grateful to all those fighting on the front lines of this healthcare crisis, and will continue to stand with them as we work through this pandemic together.
Anthems deep roots in the community combined with its legacy and commitment to leadership, innovation and agility, have enabled the company to quickly and seamlessly work with local, state and federal officials, care providers, customers and community partners in the face of the pandemic.
As part of Anthems coordinated response, the company has been focused on increasing access and coverage, adapting tools and policies, leveraging its expertise in data and advanced analytics to provide innovative solutions, and delivering outreach and relief to those in need. Details regarding the companys actions include the following:
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Anthem, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:
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The favorable development recognized in the three months ended March 31, 2020 and 2019 resulted primarily from trend factors in late 2019 and late 2018, respectively, developing more favorably than originally expected.
We maintained a strong financial condition and liquidity position, with consolidated cash, cash equivalents and investments in fixed maturity and equity securities of $26,301 at March 31, 2020.
Since December 31, 2019, total cash, cash equivalents and investments in fixed maturity and equity securities increased by $174, primarily due to cash generated from operations and net proceeds from borrowings.
For information regarding new accounting pronouncements that were adopted and new accounting pronouncements that were issued during the three months ended March 31, 2020, see the "Recently Adopted Accounting Guidance" and "Recent Accounting Guidance Not Yet Adopted" sections of Note 2, "Basis of Presentation and Significant Accounting Policies" of the Notes to Consolidated Financial Statements included in Part I, Item 1 of this Form 10-Q.
Should commercial paper issuance become unavailable, we intend to use a combination of cash on hand and/or our senior revolving credit facilities, which provide for combined credit up to $3,500, to redeem any outstanding commercial paper upon maturity.
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Medicare membership increased primarily due...Read more
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Medical Cost Trends: Our medical...Read more
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Beginning in 2020, IngenioRx meets...Read more
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Anthem, Inc. provided additional information to their SEC Filing as exhibits
Ticker: ANTM
CIK: 1156039
Form Type: 10-Q Quarterly Report
Accession Number: 0001156039-20-000028
Submitted to the SEC: Wed Apr 29 2020 2:39:56 PM EST
Accepted by the SEC: Wed Apr 29 2020
Period: Tuesday, March 31, 2020
Industry: Hospital And Medical Service Plans