Ballooning Medicaid costs challenge health insurer Elevance
On Thursday, Elevance Health disclosed in its third quarter earnings release that its medical loss ratio — the amount of premium revenue it spent on medical care — was markedly higher than Wall Street analysts expected, sending its stock price into a tailspin.
Key Takeaways Elevance Health shares plunged Thursday after the insurer reported lower-than-expected earnings and cut its ...
The results show a worsening outlook for health insurers that for years have relied on government programs for growth.
Elevance Health has purchased Carebridge, a manager of "home and community-based services," the health insurer disclosed ...
The S&P 500 was essentially flat on Thursday, Oct. 17, 2024, closing less than 0.1% lower despite strong retail sales data ...
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