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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Elevance Health's Strong Quarter Can't Shake Off Medicaid Troubles

Elevance Health Elevance Medicaid ELV Obamacare Medicare Jonathan Weiss
Elevance Health-Photo by Jonathan Weiss via Shutterstock

Elevance Health, Inc. (NYSE:ELV) shares fell Tuesday despite beating estimates, as Medicare cost pressures, Obamacare plan dynamics, and Medicaid attrition weighed on sentiment.

The company reported third-quarter adjusted earnings per share of $6.03, beating the analyst consensus estimate of $4.93.

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