Elevance’s stock led the S&P 500’s losers after its CEO said a lowered profit outlook assumes Medicaid cost pressures won’t subside in the near term

States must begin verifying millions of Medicaid enrollees’ monthly work status by the end of next year. Critics say this may be difficult.

Fox News Digital asked lawmakers on Capitol Hill if Americans should pick up the tab for able-bodied Medicaid recipients under 65 or unemployed. (Credit: Nicholas Ballasy for Fox News Digital)

House members in the San Joaquin Valley who voted for the bill defended their decisions, despite projections that some of their constituents will lose coverage.

The Indianapolis-based insurer attempted to reassure investors that it can operate through looming policy changes that appear set to worsen existing challenges. It was unsuccessful: Elevance’s stock fell 11% following the results.

State attorneys general and federal prosecutors alleged Gilead Sciences illegally bankrolled lavish events for prescribers.

A provision in the GOP’s sweeping new law is already changing how Americans stay covered under Medicaid and CHIP, and experts warn it could strip health coverage from millions.

Coverage losses linked to the massive tax and policy law could drive up excess deaths and preventable hospitalizations by 2034, according to the study in JAMA Health Forum.