1100 ET - Elevance Health says it is exiting more Medicaid markets. It recently reached an agreement with Washington, D.C., to leave the city's Medicaid market, and expects to exit more Medicaid markets over the next 12 to 18 months where it doesn't see a path to sustainable growth. The exits are part of Elevance's strategy to improve financial discipline and assess each market based on fit, operational requirements and the ability to generate good return on capital. Health insurers have been raising Medicaid rates to offset rising health costs. Elevance said it had fewer members in the most recent quarter, particularly in its Medicaid and Affordable Care Act plans. Shares drop 10%.(katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

July 15, 2026 11:00 ET (15:00 GMT)

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