Elevance Health Tuesday said third quarter net income rose to nearly $1.2 billion despite rising costs in its government subsidized health insurance plans.
Elevance Health Tuesday said third quarter net income rose to nearly $1.2 billion despite rising costs in its government subsidized health insurance plans, the company announced Oct. 21, 2025.is best known for its operation of Anthem brand Blue Cross and Blue Shield plans in 14 states.
In addition, Elevance manages Medicaid via contracts with multiple states and also sells individual coverage under the ACA known as Obamacare. The company also has a growing Carelon healthcare services business.from customers in its health plans. Tuesday’s results reflected costs that are still up, but largely in check with the company calling them “elevated, but expected.” Net income rose 17.8% to $1.18 billion in the third quarter ended Sept. 30 compared to $1 billion in the year ago period. Total revenues were up 12.4% to $50.7 billion Like other health insurance plans, Elevance is seeing higher benefits expenses, reporting that its benefit expense ratio, which is the percentage of premium revenue that goes toward medical costs, was 91.3 percent, “an increase of 180 basis points year over year, reflecting elevated, but expected, cost trend primarily in our Medicare business given pronounced seasonality in Part D benefits associated with changes made in the Inflation Reduction Act.” In the second quarter, the benefit expense ratio was 88.9% and in the first quarter it was 86.4%, according to earnings reports earlier this year. “Our third quarter results were in line with expectations and reflect disciplined execution across Elevance Health,” Elevance Health chief executive officer Gail Boudreaux said in a statement accompanying the earnings report. "In a dynamic healthcare environment, we’re focused on advancing affordability and elevating the member experience through our growing value-based care partnerships and AI-enabled digital solutions that simplify access and improve outcomes. As we plan for 2026, we remain disciplined in managing what we can control – positioning our businesses for long-term, sustainable growth and value creation for all stakeholders.”Elevance said its operating revenue was up 12 percent to $50.1 billion in the third quarter “driven by higher premium yields in our health benefits segments, recently closed acquisitions, and growth in Medicare Advantage membership, primarily offset by ongoing Medicaid membership losses due to eligibility reverifications.” Elevance ended the third quarter with 45.4 million health plan members, which was down a little less than one percent compared to the year-ago period “driven by lower year over year BlueCard and Medicaid membership.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Guenther scores in third period as Mammoth beat Bruins 3-2 for third straight victoryThe Associated Press is an American non-profit news agency headquartered in New York City. Founded in 1846, it operates as a cooperative, unincorporated association. Its members are U.S. newspapers and broadcasters.
Read more »
Silver Price Forecast: XAG/USD rebounds near $52.00 due to risk-off mood, dovish Fed toneSilver price (XAG/USD) edges higher after registering more than 4.25% losses in the previous session, trading around $52.00 per troy ounce during the European hours on Monday. The price of the precious Silver plunged as investors booked profits after reaching a record high of $54.86 on October 16.
Read more »
Suriname Is About to Be One of the Richest Countries on Earth. Is It Ready?Suriname could offer a rare model: a petro-state that turns fossil-fuel profits toward a post-carbon future.
Read more »
Michigan Sports Betting Year-Over-Year Profits Slip 25% in SeptemberThe Wolverine State’s online and retail sportsbooks generated $44.4 million on a $537.9-million handle in a busy sports month.
Read more »
Gold corrects from record highs amid stronger US Dollar and trade optimismGold (XAU/USD) drifts lower on Tuesday after retesting its record high near $4,380 on Monday. The pullback comes as the US Dollar (USD) extends its recovery gains and traders book partial profits following an overextended rally.
Read more »
Elevance Health’s Profits Eclipse $1.1 Billion Despite Rising CostsElevance Health Tuesday said third quarter net income rose to nearly $1.2 billion despite rising costs in its government subsidized health insurance plans.
Read more »