Forbes April 18, 2024
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, Thursday 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...
Today's Sponsors
Today's Sponsor