Elevance Health Inc. Faces Setback in Medicare Star Ratings Lawsuit
Elevance Health Inc., a leading health insurance provider in the US, has encountered a setback in its efforts to challenge the US government’s Medicare star ratings. On August 18, a federal judge in Texas rejected the company’s lawsuit, which claimed that improper rounding had resulted in financial losses of at least $375 million.
The court’s decision is likely to have a negative impact on the company’s stock price, which has already experienced a decline in recent weeks. The exact effect on the stock price remains to be seen.
Elevance Health Expands Food as Medicine Support
In a separate development, Elevance Health has expanded its food as medicine support to community health centers. The company has integrated nutrition into its care services in partnership with the National Association of Community Health Centers. This initiative is part of the company’s efforts to provide more comprehensive care to its customers.
Key details of the initiative include:
- Integration of nutrition into care services
- Partnership with the National Association of Community Health Centers
- Expansion of food as medicine support to community health centers