secwatch.observer — SEC 8-K summary
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Issuer:     Elevance Health, Inc. (ELV)
CIK:        0001156039
Form:       8-K
Filed at:   2023-10-13T23:59:59+00:00
Accession:  0001193125-23-256139
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1156039/000119312523256139/0001193125-23-256139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1156039/000119312523256139/d504133d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-256139

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