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Stock impact report

Despite Medicaid Pressure, Elevance Health Delivers Strong Q1 Performance, Reiterates Profit Outlook [Yahoo! Finance]

Elevance Health, Inc. (ELV) 
Company Research Source: Yahoo! Finance
The increase was driven by higher premium yields in the Health Benefits segment, acquisitions completed in the past year, Medicare Advantage and Individual ACA membership growth, and CarelonRx product revenue, partially offset by membership attrition in Medicaid business Also Read: Health Insurers Surge After Medicare Agency Increases Payment Rates The benefit expense ratio was 86.4%, an increase of 80 basis points year over year, reflecting a higher Medicaid medical cost trend, partially offset by out-of-period premium taxes. Reuters noted that the analysts' average estimate was 86.8%. “...In the first quarter, we made measurable progress reimagining the healthcare experience with personalized support, real-time digital solutions, and a whole-health model that improves outcomes and reduces cost...” said Gail Boudreaux, President and Chief Executive Officer Last week, CVS Health Corp (NYSE: CVS Humana Inc. (NYSE: HUM ), and Elevance Health stocks fell as investors were spooke Show less Read more
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