Elevance Health profits up despite employer client losses
Elevance Health is focusing on healthcare services to offset declines in its employer health benefits segment, executives said Wednesday. The company, which operates Blue Cross Blue Shield plans in 14 states, on Wednesday reported first-quarter earnings of $2.8 billion, or $8.30 per share, a 16.6% year-over-year increase. Quarterly revenue increased 10.5% to $41.8 billion, driven by membership growth among exchange, Medicaid and…