Elevance Health's dependence on government plans is considerable, but even with very conservative growth expectations, ELV stock remains a good value. Read more here.

Elevance Health is the latest health insurance company to report higher-than-expected medical costs as third quarter profits tumbled more than 20%.

We remain confident in the long-term earnings potential of our diverse businesses as we navigate a dynamic operating environment and unprecedented challenges in the Medicaid business,” Chief Executive Gail K.