July 21, 2022
  • Elevance CEO Gail Boudreaux informed investors that the insurer will no longer provide group Medicare Advantage coverage to New York City retirees. According to Boudreaux, the insurer “needed greater certainty” to continue with the contract amid delays and ongoing litigation over the switch to privatized plans. The city last year awarded Elevance, formerly known as Anthem, the contract to provide Medicare Advantage group coverage to about 200,000 retirees. (Article here)