Elevance makes a late cut to its 2024 forecast after seeing trouble in Medicaid
Shares of Elevance tumbled early Thursday after the insurer said rising Medicaid costs prompted a 2024 forecast cut less than three months before the year’s end. The Blue Cross-Blue Shield insurer said it was dealing with a “timing mismatch” between Medicaid rates and higher claims from its customers. The company dropped its forecast for 2024 … Read more