1320 ET - The tone of Elevance Health's analyst call was even more cautious than expected, especially when it came to Medicaid, according to Mizuho in a note. The analysts say that although Medicaid managed care plans are required to receive actuarial sound rates, it could take two or three rate cycles for rates to fully capture current trends. This, plus uncertainty around the expiration of enhanced advanced premium tax credits and incremental Medicaid dis-enrollment, makes the company's earnings trajectory more unclear, the analysts say. Now, full margin recovery looks like it won't be until 2027 or 2028, they say. Elevance slides 11%. (kelly.cloonan@wsj.com)

(END) Dow Jones Newswires

July 17, 2025 13:20 ET (17:20 GMT)

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