---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-256139"
form_type: "8-K"
ticker: "ELV"
cik: "0001156039"
company_name: "Elevance Health, Inc."
filed_at: "2023-10-13T23:59:59+00:00"
generated_at: "2026-06-09T23:51:17.455759+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Elevance Health expects 2024 Medicare Star ratings drop: 34% in 4+ Star plans, vs 64% in 2023

## Summary
- Three largest Medicare Advantage contracts (~36% of members) fell to 3.5 Stars from 4 or 4.5 Stars.
- Drop in CAHPS survey measures and new Tukey outlier methodology contributed to rating declines.
- Financial impact from reduced Star bonus payments and rebates will affect 2025, not 2024.
- Investing in service, product, network, and operations; exploring contract diversification to mitigate headwind.
- Some plans retained high ratings: Florida plans got 4.5+ Stars, with two achieving 5 Stars; Puerto Rico plans all 4+ Stars.

## SEC filing metadata
- accession: 0001193125-23-256139
- form_type: 8-K
- ticker: ELV
- cik: 0001156039
- company_name: Elevance Health, Inc.
- filed_at: 2023-10-13T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1156039/000119312523256139/0001193125-23-256139-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1156039/000119312523256139/d504133d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-256139
- JSON: https://secwatch.observer/filing/0001193125-23-256139.json
- Plain text: https://secwatch.observer/filing/0001193125-23-256139.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.