Elevance Health's 2024 in 10 headlines

Elevance Health added several acquisitions in 2024. 

The company also projected growth for its Medicare Advantage business and scored a court victory challenging CMS' star ratings methodology. 

Here are 10 of the biggest stories about Elevance Health and Anthem Blue Cross Blue Shield Becker's covered in 2024: 

  1. Anthem BCBS walked back a controversial policy capping the amount of time it would reimburse providers for anesthesia services in some states, after a wave of backlash on social media and criticism from lawmakers. 

  2. Healthcare logistics company Owens & Minor filed a lawsuit against Anthem BCBS of Virginia, accusing the insurer of failing to uphold its fiduciary duties under ERISA through mismanagement of its employee health plan. 

  3. Elevance Health was among several major insurers that eliminated some commissions to brokers selling Medicare Advantage plans for 2025. 

  4. Elevance Health has picked up several specialty pharmacy and care-based companies in recent years, bolstering the capacity of its health services arm, Carelon. In October, the company said it intends to purchase Nashville-based CareBridge, a value-based home and community-based care provider for patients with chronic and complex needs. The same month, Kroger closed the sale of its specialty pharmacy business to Elevance. 

  5. Anthem BCBS requested payments from some providers it alleged falsified patients' medical records when prescribing Ozempic, Bloomberg reported in September. A spokesperson for the company told Bloomberg it contacted a small number of providers about repayments for Ozempic prescribed to their patients. In some cases, the amount of repayment requested was more than $1 million. 

  6. Indianapolis-based Indiana University Health sold its health plan to Anthem BCBS for an undisclosed amount. 

  7. Elevance Health launched Mosaic Health, a primary care venture with private equity firm Clayton, Dubilier & Rice. The financial terms of the deal were not disclosed, but Elevance Health executives said they expected to earn $4 billion in revenue annually. The primary care effort is payer agnostic and will serve 1 million members across 19 states in Medicare, Medicaid, commercial and individual markets.

  8. In June, CMS recalculated the star ratings for several Medicare Advantage plans after judges sided with Elevance Health and other payers who challenged the agencies methodologies in court. 

  9. Elevance Health executives predicted the company could see "market-plus" Medicare Advantage growth in 2025, as other insurers pulled back on their offerings. 

  10. Facing scrutiny from physicians and state officials, Blue Cross Blue Shield of Louisiana halted its proposed $2.5 billion sale to Elevance Health.

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