collage of charts, graphs, compass, pen “For 2022, we continue to forecast earnings growth to pick up based on lower COVID costs, better performance in the individual market and better commercial trends,” Moody’s predicts. (Photo: Shutterstock)

Earnings growth for the seven publicly traded health insurers increased by 3.7% in the first quarter of 2022, Moody’s Investors Service reported. Excluding investment income and realized gains and losses, which have been weakened by market conditions, earnings for the group actually were up by 10.3%.

“Enrollment growth was strong in Medicaid and Medicare Advantage, along with better results in commercial,” the report said. ”Enrollment growth was partly offset by increased medical costs, reflecting Omicron and increasing non-COVID utilization. We continue to forecast low double-digit EBITDA growth based on lower COVID costs and better performance in the individual market, which will contribute to a stable credit profile and improved leverage.”

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