Elevance Health (LTS:0HG8) Medical Loss Ratio % : 0.00% (As of . 20)

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What is Elevance Health Medical Loss Ratio %?

Medical Loss Ratio % is the percentage of the insurance premium that insurers use to pay for medical claims and activities that improve the quality of care. A lower Medical Loss Ratio % indicates better profitability of the company.

The historical rank and industry rank for Elevance Health's Medical Loss Ratio % or its related term are showing as below:

LTS:0HG8's Medical Loss Ratio % is not ranked ^*
in the Healthcare Plans industry.
Industry Median:
* Ranked among companies with meaningful Medical Loss Ratio % only.

Elevance Health Medical Loss Ratio % Historical Data

The historical data trend for Elevance Health's Medical Loss Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Elevance Health Medical Loss Ratio % Chart

Elevance Health (LTS:0HG8) Medical Loss Ratio % Explanation

Medical Loss Ratio % is the percentage of the insurance premium that insurers use to pay for medical claims and activities that improve the quality of care. For example, if an insurer uses 80 cents out of every premium dollar to pay its customers' medical claims and activities that improve the quality of care, the company has a Medical Loss Ratio % of 80%.

Medical claims are medical bills submitted to health insurance carriers and other insurance providers for services rendered to patients by care providers. When you go to the doctor, hospital or other provider, your service generates a bill. This bill then becomes a medical claim to your insurance carrier to process for payment.

Quality of care involves activities such as engaging and involving the patient, so the patient takes ownership in preventive care and in the treatment of diagnosed conditions.

Elevance Health Medical Loss Ratio % Related Terms

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Elevance Health (LTS:0HG8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Elevance Health Inc (LTS:0HG8) » Definitions » Medical Loss Ratio %

Comparable Companies

Traded in Other Exchanges

ELV:USA ELV:Mexico A58:Germany

Address

220 Virginia Avenue, Indianapolis, IN, USA, 46204

Website

https://www.elevancehealth.com

Elevance Health remains one of the leading health insurers in the U.S., providing medical benefits to 48 million medical members as of June 2023. The company offers employer, individual, and government-sponsored coverage plans. Elevance differs from its peers in its unique position as the largest single provider of Blue Cross Blue Shield branded coverage, operating as the licensee for the Blue Cross Blue Shield Association in 14 states. Through acquisitions, such as the Amerigroup deal in 2012 and MMM in 2021, Elevance's reach expands beyond those states through government-sponsored programs such as Medicaid and Medicare Advantage plans, too.

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