Medicaid, Elevance Health
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 tumbles 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.
Elevance Health cuts annual profit forecast on persistently higher medical costs
Elevance Health cut its full-year profit forecast on Thursday, as it expects to pay out more in claims due to robust demand for medical care from members in its government-backed plans, sending its shares down 6% in premarket trading.
Elevance Health Latest Insurer Battered By Higher Medical Costs
Elevance Health is the latest health insurance company to report higher-than-expected medical costs as third quarter profits tumbled more than 20%.
Elevance Health stock slides after outlook cut amid rising medical expenses
Shares of Elevance Health (NYSE:ELV) fell 12% Thursday morning after the health insurer lowered its forecast for full-year earnings amid higher-than-expected medical expenses in the third quarter. The managed care player expects full year adjusted profit per share of around $33 (vs.
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 ...
Fierce Healthcare6h
Medicaid drags Elevance Health as it misses on profit in Q3
Elevance Health fell short of Wall Street analysts' predictions, posting $1 billion in profit amid rising medical costs. | ...
Elevance Health Stock Plunges on Profit Hit From Fall in Medicaid Memberships
Elevance Health shares plunged Thursday after the insurer reported lower-than-expected earnings and cut its outlook as ...
Modern Healthcare5h
Elevance shares plummet as its Medicaid business struggles
The results show a worsening outlook for health insurers that for years have relied on government programs for growth.
After Blue Cross, Tufts appeal $15B Medicaid contract, state agrees to reevaluate
Rhode Island officials have agreed to take a fresh look at the bids received for a five-year, $15.5 billion Medicaid contract ...
McKnight's Long-Term Care News1d
Report reveals how medicaid payments stack up against nursing homes’ cost of care
A new government survey of 13,285 US nursing homes has found that the average provider received 82 cents on the dollar from ...
WFYI3d
The Checkup: What could a second Trump term mean for Medicaid?
Some experts say a second Trump term could mean big cuts to the public health insurance program for low-income individuals.
Healthcare Finance News13h
Medicaid to cover traditional Tribal community healthcare
Coverage applies to specific facilities, including the Indian Health Service, the 17th largest healthcare system in the ...
Medicaid will cover Native American traditional healthcare in New Mexico
Native American traditional healthcare will now be covered by Medicaid in New Mexico. New Mexico was one of four states to ...
Medicaid funding approved for traditional health care practices for Native Americans
New Mexico is one of a few states to secure Medicaid funding to cover traditional health care practices for Native Americans.
Missoula Current1d
Montana looks to fast-track Medicaid access for older applicants
As Montana’s population ages, providers serving low-income seniors say more people aren’t getting the care they need as they ...
Harrisburg woman pleads guilty to submitting $1 million in fraudulent Medicaid claims
A Harrisburg woman plead guilty Tuesday to charges of health care and bank fraud.Ester N. Mbaya, 43, who was president of ...