Becker's Healthcare June 14, 2024
An Elevance Health executive said the company is comfortable with its Medicare Advantage business as other insurers project losses.
Speaking at the Goldman Sachs Healthcare Conference on June 12, Stephen Tanal, vice president of investor relations at Elevance, said he is comfortable predicting “market-plus” growth for the company’s Medicare Advantage business in 2025.
Exact growth is difficult to predict without knowing what Elevance’s competitors are offering in 2025, Mr. Tanal said, but the company could pick up members who leave other insurers.
“It’s all within a range and we’ll have to see exactly what occurs,” he said. “If everyone’s talking about membership losses, those members are going somewhere.”
The Medicare Advantage market is facing two major...