Healthcare DIVE September 9, 2024
The insurer’s Wellpoint subsidiary is expanding its ACA footprint for the 2025 coverage year, likely in a bid to capture enrollees who recently lost Medicaid coverage.
Dive Brief:
- Elevance subsidiary Wellpoint is launching new Affordable Care Act plans in Florida, Maryland and Texas, as the health insurer continues investing in an increasingly lucrative business line.
- The expansion, which Elevance shared in a series of recent press releases, swells Wellpoint’s existing footprint of individual and family plans in the states for the 2025 coverage year.
- Executives told investors earlier this year that Elevance would be launching more ACA plans in a bid to capture more enrollees headed to the exchanges after losing Medicaid coverage, as millions of Americans lose the...
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