Anthem is starting the new year by forecasting earnings that could miss expectations even after the health insurer books gains from a new business.

The Blue Cross-Blue Shield insurer also reported on Wednesday earnings from the final quarter of 2019 that missed forecasts, and its stock dropped in midday trading.

Anthem predicted that earnings adjusted for one-time items will be greater than $22.30 per share in 2020. That includes income from IngenioRx, a pharmacy benefits management business it launched ahead of schedule last year.

Read the full article from The Associated Press