NEW YORK (Reuters) – Elevance Health executive Peter Haytaian said on Wednesday that a decrease in the number of people eligible for its Medicaid plans this year, as well as changes the company made in where it operates those plans, shifted its balance of healthy and sick members.
Speaking at the Goldman Sachs Global Healthcare Conference, Haytaian said the company is seeing improved profitability for its Medicare business. Insurers have seen unanticipated use of healthcare plans by enrollees after the COVID-19 pandemic.
Medicaid is the state and U.S. government health plan for low-income people, while Medicare is the U.S. plan for those age 65 and older or with disabilities.
(Reporting by Amina Niasse; editing by Caroline Humer and Bill Berkrot)
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