Elevance Health Reports $2.2 Billion Profit Despite Drop In Medicaid Enrollment [Forbes]
Elevance Health, Inc. (ELV)
Company Research
Source: Forbes
billion as strong growth in sales of commercial health insurance and healthcare services offset a big decrease in Medicaid enrollment. Elevance Health reported a first quarter profit of $2.2 billion as strong growth in sales of commercial health insurance and healthcare services offset a big decrease in Medicaid enrollment. Elevance, which sells government and commercial health insurance including Blue Cross and Blue Shield plans in 14 states, Wednesday reported first quarter net income jumped 12.2% to $2.2 billion compared to $2 billion in the year-ago quarter. Total revenue rose 1% to $42.6 billion as growth in other health benefits businesses made up for most of the loss in Medicaid members and the company's Carelon health services business performed well. Elevance's membership fell by 1.9 million, or 4%, to 46.2 million as of March 31, 2024 compared to a year ago due largely to the end of a COVID-19 pandemic-era coverage provision that kept people covered by Medicaid. Th
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ELV
News
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- The Dawn of AI Reasoning: A Revolution for Transactions in Healthcare [Forbes]Forbes
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- Simply Healthcare Funds Scholarships for Miami Dade College Certified Nurse Assistant Program During Summer Cohort [Yahoo! Finance]Yahoo! Finance
- Why Conflicts Of Interest May Not Be As Bad As You Think (And Besides We All Have Them!) [Forbes]Forbes
ELV
Earnings
- 4/18/24 - Beat
ELV
Sec Filings
- 4/25/24 - Form 4
- 4/23/24 - Form 144
- 4/22/24 - Form DEFA14A
- ELV's page on the SEC website