Medicaid ChallengesMedicaid challenges are pressuring the cost trend, with core MLR increasing 290bps year-over-year.
Risk Premium MarginsExcluding Carebridge and Caremore, Risk Premium margins are down ~600bp over 2 years, with pressure in risk arrangements and Medicaid pressure being main culprits.
Segment RevenueHealth benefits segment revenue of $37.58 billion missed the estimate by 2.3% with segment earnings missing the estimate by nearly 25%.