Elevance beats profit estimates as health insurer keeps costs in check

By Sneha S K and Sriparna Roy (Reuters) -Elevance Health on Tuesday beat Wall Street estimates for third-quarter profit as the health insurer managed to keep medical costs in check, sending its shares 3% higher in premarket trading. Several insurers such as Elevance, UnitedHealth and Centene have warned of elevated costs across government-backed plans following increased demand for healthcare across the United States over the last two years. Despite a dynamic healthcare environment, Elevance's results w ...