Why Elevance Health Stock Is Tumbling Thursday - Elevance Health (NYSE:ELV)

Elevance lowers profit outlook, warns things will get worse for health insurers

Elevance earning call cites industry-wide negative trends, including higher costs in Medicaid and Affordable Care Act plans, with little improvement in 2025.

Elevance cuts 2025 guidance as profit falls from higher ACA, Medicaid costs

The insurer attempted to reassure investors that it can operate through looming policy changes that appear set to worsen existing challenges. It was unsuccessful: Elevance’s stock fell 11% following the second quarter results.

Elevance Cuts Outlook as Higher Costs Weigh on Industry

Elevance Health Inc. slumped after it cut its profit guidance for the year on higher medical costs in Affordable Care Act plans and lagging reimbursement from Medicaid, the latest in a series of disappointments from health insurers in recent months.

Why Elevance Health Stock Is Tumbling Thursday - Elevance Health (NYSE:ELV)

Elevance Health topped Q2 revenue estimates but missed on EPS and cut its 2025 guidance due to rising medical cost trends in Medicaid and ACA.

Elevance Health: Q2 Earnings Snapshot

INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Elevance Health Inc. (ELV) on Thursday reported second-quarter net income of $1.74 billion.