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Despite Higher ACA Exchange Costs, Elevance Reaffirms 2025 Guidance

  • Jun 06
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    Jun 06, 2025

    Elevance Health, Inc. saw increased health care utilization among its Affordable Care Act exchange members in April, according to CEO Gail Boudreaux, who spoke on May 28 during the Bernstein Strategic Decisions Conference. However, Elevance in a Securities and Exchange Commission filing on the same day reaffirmed its financial guidance for 2025.

    Boudreaux attributed the higher ACA exchange utilization to a different member mix from a year ago and a higher risk population, which was particularly true for people who received large premium subsidies to offset the cost of their plans. She added that exchange beneficiaries used more behavioral health services than Elevance anticipated.

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    • Tim Casey

    Tim Casey

    Tim has been a reporter and editor for newspapers, websites and magazines for more than 20 years, including 10 years covering health care business topics. He has a deep knowledge of the managed care industry and pharmacy benefit management. He also has experience covering medical conferences and clinical and legislative health care issues. In 2014, the Society for Advancing Business Editing and Writing selected Tim as one of 15 journalists to participate in a national symposium on the Affordable Care Act. Tim has a B.A. in Psychology from the University of Notre Dame and an M.B.A. from Georgetown University.

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