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As Elevance Health continues to grow its national portfolio of medical and prescription drug benefits, it reported a $1.6 billion in third-quarter profit, up 7% from $1.5 billion in the same period of 2021, Forbes reports. Elevance Health, which operates an array of government and commercial health insurance including Blue Cross and Blue Shield plans in 14 states, on Oct. 19 reported third-quarter profits rose 7% to $1.6 billion, compared to $1.5 billion in the year ago quarter.