Elevance Health Bolsters Employer Insurance Business
1. Elevance acquires Verily’s Granular to enhance self-funded employer offerings. 2. Granular specializes in stop-loss and reinsurance solutions for self-funded plans. 3. Elevance's membership declined 2% due to Medicaid attrition; employer plans counteract drops. 4. The acquisition responds to rising healthcare costs and member exodus in Medicaid. 5. Elevance's employer segment growth contrasts slowed sales in government-subsidized healthcare.