Anthem's first-quarter profit beat Wall Street estimates on Wednesday as it reined in expenses, and the U.S. health insurer raised its earnings forecast for the year.
Last year, the health insurance sector experienced its biggest shake up in years, as rivals Aetna and Cigna closed deals with the biggest U.S. pharmacy benefits managers.
For 2019, Anthem said it expects adjusted earnings to be above $19.20 per share, higher than its prior estimate of more than $19.00.
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