Forbes July 17, 2024
Elevance Health said second quarter profits surpassed $2.3 billion thanks to strong sales of commercial health insurance and growth of healthcare services under the Carelon umbrella that offset the loss of Medicaid health plan members.
Elevance, which sells government and commercial health insurance including Blue Cross and Blue Shield plans in 14 states, Wednesday reported second quarter net income rose 24% to $2.3 billion compared to $1.85 billion in the year-ago quarter.
“Second quarter results reflect the power of our diversified business and thoughtful execution of our strategic initiatives during a dynamic time for our industry as we remain steadfast in our purpose to improve the health of humanity,” Elevance chief executive Gail Boudreaux said.
Total revenue rose less than...
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