Becker's Healthcare October 17, 2024
Elevance Health posted $1 billion in net income during the third quarter, a 21% decrease compared to the same period last year, according to the company’s earnings report published Oct. 17.
The company lowered its full-year earnings outlook from $37.20 in net income per diluted share to $33.
“We remain confident in the long-term earnings potential of our diverse businesses as we navigate a dynamic operating environment and unprecedented challenges in the Medicaid business,” President and CEO Gail Boudreaux said. “We expect Medicaid rates will align with the needs of our members in time, and are taking proactive actions to enhance operational efficiencies that will ensure we emerge from this period even stronger.”
Total revenues in the third quarter were...
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