Elevance beats first-quarter profit estimates on higher premiums

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Elevance beats first-quarter profit estimates on higher premiums
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Prices at the Pumps - April 17, 2024 #saltwire #energymarkets #pricesatthepumps #gasprices - Elevance Health beat Wall Street estimates for first-quarter profit on Thursday, as higher premiums in its commercial insurance business helped keep medical costs for the insurer in check.

UnitedHealth on Tuesday said medical costs dropped from higher rates hit late last year. UnitedHealth had relaxed, or removed, prior authorization processes for some claims following the hack, stoking concerns of an increase in medical costs.

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