Healthcare DIVE October 19, 2022
As the U.S. heads toward a possible recession, Elevance Health CEO Gail Boudreaux said the insurer is preparing for a possible economic decline.
“Certainly we’re mindful of an economic downturn. We’re planning for it in our businesses,” Boudreaux said on a Wednesday call with investors to discuss third-quarter earnings.
Job losses spurred by a recession could cut into commercial enrollment for insurers who generate revenue from selling health coverage to employers of all sizes. About half of the U.S. population relies on employer-based insurance for coverage.
Economists surveyed by The Wall Street Journal predict nonfarm payrolls, a measure of U.S. workers, to decline by about 34,000 per month during the second quarter of 2023.
Boudreaux attempted to temper concerns about...
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