Reported about 15 hours ago
Elevance achieved significant revenue and profit growth in the third quarter, generating a net income of $1.2 billion on $50.1 billion in revenue. However, the insurer warned investors of potential declines in Medicaid margins due to ongoing state payment rate issues and expected healthcare costs. As Elevance prepares for future challenges, it plans to invest heavily in its health services and AI capabilities, which could impact earnings growth. The company aims to provide clearer earnings guidance in January after assessing updated Medicaid rates and ACA subsidy outcomes.
Source: YAHOO