Published on 6 Dec 2024 on Benzinga
Elevance Health Stock Falls As Anthem Faces Backlash Over Anesthesia Policy,...
When Anthem Blue Cross Blue Shield said it will no longer pay for anesthesia care if the surgery or procedure exceeds an arbitrary time limit, parent company Elevance Health Inc ELV faced backlash and reneged on the policy change.
What Happened: In an update on Thursday, Elevance stated: “Based on feedback received and misinterpretation of our policy change, it is evident that our communication regarding this policy was not clear, and as a result, we have decided to not proceed with this policy change.”