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%.

Elevance Health Inc.’s stock tumbled 13% Thursday and weighed on rivals after the health insurer’s third-quarter profit fell short of estimates amid ”unprecedented” challenges in the Medicaid business.