I've written about the business of healthcare for more than three decades, starting from my native Iowa where I covered the presidential campaign bus rides of Bill and Hillary Clinton through the Hawkeye state talking health reform and the economy.
commercial health insurance and growth of healthcare services under the Carelon umbrella that offset the loss of Medicaid health plan members, the company reported July 17, 2024. In this photo, Gail Boudreaux, president and chief executive officer of Elevance Health speaks during the Forbes Healthcare Summit in New York, US, on Tuesday, Dec. 5, 2023. Photographer: Michael Nagle/Bloomberg Elevance Health said second quarter profits surpassed $2.
Total revenue rose less than 1% to $43.88 billion compared to $43.67 billion a year ago as growth in other health benefits businesses made up for most of the loss of nearly 3 million Medicaid members and the company’s Carelon health services business performed well. The end of the U.S. Public Health Emergency in May of last year after three years of the COVID-19 pandemic is impacting health insurers that have a significant business administering Medicaid coverage for states, which are conducting so-called “Medicaid redeterminations.” Medicaid redetermination, also described as Medicaid renewal or Medicaid recertification, is essentially when people are asked to show they are qualified for such coverage.
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