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Elevance Shares Dive
Elevance Shares Dive After Insurer Faces ‘Unprecedented’ Medicaid Challenge
Elevance Health earnings fell short of Wall Street projections in the latest sign of how medical expenses are squeezing insurers’ government businesses, a result that punished shares across the sector.
Elevance Health’s stock slumps 13% as profit dented by ‘unprecedented’ Medicaid challenges
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,” Chief Executive Gail K.
Ballooning Medicaid costs challenge health insurer Elevance
On Thursday, Elevance Health disclosed in its third quarter earnings release that its medical loss ratio — the amount of premium revenue it spent on medical care — was markedly higher than Wall Street analysts expected, sending its stock price into a tailspin.
9h
on MSN
Elevance makes a late cut to its 2024 forecast after seeing trouble in Medicaid
Elevance Health surprised Wall Street with a rare, late-year guidance cut Thursday after a jump in Medicaid costs marred its ...
3h
on MSN
S&P 500 Gains and Losses Today: Health Insurers Slide as Elevance Cites Medicaid Declines
The S&P 500 was essentially flat on Thursday, Oct. 17, 2024, closing less than 0.1% lower despite strong retail sales data ...
1h
Elevance Health Ads To Carelon Portfolio With Carebridge Acquisition
Elevance Health has purchased Carebridge, a manager of "home and community-based services," the health insurer disclosed ...
13h
Elevance Health’s stock tumbles as profit dented by ‘unprecedented’ Medicaid challenges
Elevance Health Inc.’s stock tumbled 13.5% to lead S&P 500 premarket decliners Thursday, after the health insurer’s ...
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