Elevance Health, the parent of Anthem and Wellpoint plans, reported a $1.4 billion third-quarter profit on October 21 while covering 487,000 fewer people than a year earlier. Executives told investors that 2026 marks the low point for the company's Medicaid profit margins and that they expect improvement next year.
Elevance's medical membership stood at about 44.9 million on September 30, according to Fierce Healthcare. Quarterly profit rose from $1.2 billion a year earlier, though profit for the first nine months of the year fell to $4.6 billion from $5.1 billion. Elevance raised its full-year outlook to adjusted earnings of at least $29 per share.
