Elevance Maintains Profit Guidance After UnitedHealth Cut
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Elevance Health Inc. affirmed its profit outlook for the year and said that first-quarter medical cost trends had tracked with expectations — a sharp contrast to a surprise jump in costs called out by rival UnitedHealth Group Inc.
“While cost trends in Medicare Advantage remain elevated, the company’s first quarter experience was consistent with its expectations and pricing,” Elevance said in a filing.