Elevance Makes a Late Cut to Its 2024 Forecast After Seeing Trouble in Medicaid
Shares of Elevance tumbled early Thursday after the insurer said rising Medicaid costs prompted a 2024 forecast cut less than ...
Elevance Shares Dive After Insurer Faces ‘Unprecedented’ Medicaid Challenge
It was the latest sign of how medical expenses are squeezing insurers’ earnings, a result likely to punish shares across the ...
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 ...
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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 ...
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 ...
Elevance Health Stock Sinks as Medicaid Woes Hit Earnings
Elevance Health stock is plunging Thursday after the insurer missed Q3 earnings expectations and lowered its full-year ...
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 receive federal approval to use Medicaid funding to cover Native American ...
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 ...
Elevance Health 3Q Revenue Beats Estimates Amid Medicaid-Related Challenges
The health company logged net income of $1.01 billion, or $4.36 a share, for the third quarter ended Sept. 30, declining from $1.3 billion, or $5.45 a share, a year earlier. Adjusted earnings were ...
Elevance Stock Dives on Guidance Cut. Blame ‘Unprecedented Challenges’ in Medicaid Business.
Shares of Elevance Health were trading sharply lower after a guidance cut prompted by snags in the Medicaid business ...
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Scammers ripped off NY’s controversial Medicaid homecare program to the tune of $68M: feds
A pair of Brooklyn-based businesses ripped off the state’s controversial Medicaid homecare program to the tune of $68 million, federal prosecutors alleged this week. The eight accused scammers ...
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Maryland woman sentenced to house arrest for defrauding Medicaid of $1 million
BALTIMORE, Md. (7News) — A Maryland woman was sentenced to one year of house arrest for defrauding Medicaid of $1 million, according to Maryland Attorney General Anthony Brown. From Jan. 1 ...