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Elevance Health's profit rises to $2.2 billion despite Medicaid drop

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Elevance Health reported a 12.2% increase in first-quarter net income to $2.2 billion, bolstered by growth in commercial health insurance and health care services, Forbes reports. Despite a 4% decline in membership to 46.2 million, due to the end of a COVID-19 pandemic-era coverage provision affecting Medicaid enrollment, the company saw a slight 1% rise in total revenue to $42.6 billion.

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