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Energy","tier":3,"returns_yearly":{"2023":37.2,"2024":92.7,"2025":58.8,"2026":-15.3}},{"slug":"take-two-interactive","name":"테이크투 인터랙티브","name_en":"Take-Two Interactive Software, Inc.","tier":3,"returns_yearly":{"2021":-14.5,"2022":-41.4,"2023":54.6,"2024":14.4,"2025":39.1,"2026":-16.6}},{"slug":"openai","name":"OpenAI","name_en":"OpenAI","tier":3,"returns_yearly":null}],"analysis":"미국 통합 건강보험사 기업. 2026년 +17.4%다. 본주(+17.4%)와 공급단(평균 +24.7%)이 같은 보폭으로 움직인다.","analysis_en":"Elevance Health, Inc. operates across Integrated U.S. health insurer. It is +17.4% in 2026. The stock (+17.4%) and its supply side (avg +24.7%) are moving in step. Through Carelon, it sells pharmacy benefit and healthcare services while paying medical claims and vendors that support pharmacy and virtual care.","analysis_asof":"2026-09-04"},"edges":[{"direction":"revenue","counterparty":"인디애나주 가족사회서비스청","counterparty_slug":null,"confidence":"high","metric":{"type":"contract_value","unit":"USD","as_of":"2025-03-18","basis":"Anthem Insurance Companies의 Indiana PathWays for Aging 관리의료 계약 추정 총가치","value":10381985362,"period":"2024-07-01/2028-06-30","basis_en":"Estimated total value of Anthem Insurance Companies' Indiana PathWays for Aging managed-care contract","qualifier":"state_estimate_not_encumbered"},"note":"엘레반스 헬스 자회사 Anthem Insurance Companies는 인디애나주 FSSA와 메디케이드 관리의료 계약을 맺고 PathWays for Aging 등 여러 프로그램을 운영한다. 2024년 7월부터 2028년 6월까지 PathWays 계약의 주정부 추정 총가치는 약 103억 8,200만 달러다.","note_en":"Elevance subsidiary Anthem Insurance Companies holds Medicaid managed-care contracts with Indiana FSSA, including PathWays for Aging. The state's estimated total value for the PathWays contract covering July 2024 through June 2028 is about $10.382 billion.","sources":[{"stance":"mentions","publisher":"Investing.com 한국","publisher_en":"Investing.com Korea","kind":"news","lang":"ko","published_at":"2026-07-15","url":"https://kr.investing.com/news/stock-market-news/article-2016224","title":"엘리밴스 헬스 실적에 마진 압박 우려, 보험주 하락","title_en":"Health Insurers Fall as Elevance Health Results Raise Margin Concerns","excerpt":"헬스 베네핏 부문은 메디케이드 상환율 지연으로 마진 압박을 받았다.","excerpt_en":"The Health Benefits segment faced margin pressure from delayed Medicaid reimbursement rates."},{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-06","url":"https://www.sec.gov/Archives/edgar/data/1156039/000115603926000013/elv-20251231.htm","title":"엘레반스 헬스 2025 회계연도 Form 10-K","title_en":"Elevance Health, Inc. 2025 Form 10-K","excerpt":"2025년에 인디애나에서 메디케이드 서비스를 제공했다.","excerpt_en":"we provided Medicaid and other state sponsored services ... in ... Indiana"},{"stance":"confirms","publisher":"인디애나주 가족사회서비스청","publisher_en":"Indiana Family and Social Services Administration","kind":"analysis","lang":"en","published_at":"2025-03-18","url":"https://secure.in.gov/fssa/files/OMPP-QFR-March2025.pdf","title":"2025년 3월 인디애나 메디케이드 분기 재무 검토","title_en":"Indiana Medicaid Quarterly Financial Review, March 2025","excerpt":"Anthem의 PathWays 계약기간은 2024년 7월부터 2028년 6월이며 총가치는 10,381,985,362달러로 제시됐다.","excerpt_en":"Anthem Insurance Companies, Inc. ... $10,381,985,362 ... Pathways"},{"stance":"mentions","publisher":"KFF","publisher_en":"KFF","kind":"research","lang":"en","published_at":"2025-02-04","url":"https://www.kff.org/medicaid/a-look-at-medicaid-enrollment-and-finances-of-the-five-largest-medicaid-managed-care-plans/","title":"5대 메디케이드 관리의료 보험사의 가입자와 재무 현황","title_en":"A Look at Medicaid Enrollment and Finances of the Five Largest Medicaid Managed Care Plans","excerpt":"KFF는 엘레반스를 미국 5대 상장 메디케이드 관리의료 사업자 중 하나로 분류했다.","excerpt_en":"Five for-profit, publicly traded companies ... Elevance ... account for 50% of Medicaid MCO enrollment"}]},{"direction":"revenue","counterparty":"미국 메디케어·메디케이드 서비스센터","counterparty_slug":null,"confidence":"high","metric":{"type":"count","unit":"members","as_of":"2026-02-06","basis":"CMS 계약 기반 메디케어 어드밴티지 가입자 수","value":2230000,"period":"2025-12-31","basis_en":"Medicare Advantage members served through CMS-contracted plans","qualifier":null},"note":"엘레반스 헬스는 CMS와 계약해 메디케어 어드밴티지 등 관리형 건강보험 서비스를 제공하고 정부가 정한 보험료를 받는다. 2025년 말 메디케어 어드밴티지 가입자는 223만 명이었으며 CMS 계약별 매출은 공개되지 않았다.","note_en":"Elevance contracts with CMS to provide managed health benefits including Medicare Advantage and receives government-determined premium payments. It served 2.23 million Medicare Advantage members at year-end 2025, while revenue by CMS contract was not disclosed.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-06","url":"https://www.sec.gov/Archives/edgar/data/1156039/000115603926000013/elv-20251231.htm","title":"엘레반스 헬스 2025 회계연도 Form 10-K","title_en":"Elevance Health, Inc. 2025 Form 10-K","excerpt":"회사는 CMS를 포함한 연방 및 주정부 기관과 계약한다.","excerpt_en":"We contract with various federal and state agencies, including CMS"}]},{"direction":"investor","counterparty":"BlackRock","counterparty_slug":"blackrock","confidence":"high","metric":{"type":"share","unit":"percent","as_of":"2025-04-17","basis":"BlackRock이 신고한 엘레반스 헬스 보통주 수익적 소유 비율","value":7.8,"period":"2025-03-31","basis_en":"BlackRock's reported beneficial ownership share of Elevance Health common stock","qualifier":"beneficial_ownership_ordinary_course"},"note":"BlackRock은 2025년 3월 31일 기준 엘레반스 헬스 보통주 1,769만 4,658주의 수익적 소유권을 신고했다. 이는 발행주식의 7.8%이며, 경영권 영향 목적이 아닌 통상적 투자 보유라고 밝혔다.","note_en":"BlackRock reported beneficial ownership of 17,694,658 Elevance common shares as of March 31, 2025, equal to 7.8% of the class. The filing states that the shares were held in the ordinary course rather than to influence control.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-04-17","url":"https://www.sec.gov/Archives/edgar/data/1156039/000157641925000697/xslSCHEDULE_13G_X01/primary_doc.xml","title":"BlackRock의 엘레반스 헬스 Schedule 13G 수정 제15호","title_en":"BlackRock Schedule 13G Amendment No. 15 for Elevance Health","excerpt":"BlackRock은 1,769만 4,658주, 지분율 7.8%를 신고했다.","excerpt_en":"Amount beneficially owned: 17694658 ... Percent of class: 7.8%"}]},{"direction":"cost","counterparty":"아메리칸 웰","counterparty_slug":null,"confidence":"high","metric":{"type":"contract_value","unit":"USD","as_of":"2026-01-02","basis":"American Well 서비스 및 결과물 계약 금액","value":null,"period":"2026-01-01/2029-01-01","basis_en":"Value of American Well services and deliverables under the master services agreement","qualifier":"confirmed_no_disclosed_value"},"note":"엘레반스 헬스는 원격진료 공급사 American Well과 서비스 계약을 유지한다. 2026년 1월부터 2029년 1월까지의 기본 계약기간과 서비스 수수료 지급 의무는 SEC 제출 계약서에서 확인되지만 계약 금액은 비공개다.","note_en":"Elevance maintains a services agreement with telehealth supplier American Well. The SEC-filed amendment confirms an initial term from January 2026 to January 2029 and an obligation to pay service fees, but the contract value is not public.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-01-02","url":"https://www.sec.gov/Archives/edgar/data/1393584/000119312526001087/amwl-ex10_1.htm","title":"American Well 8-K Exhibit 10.1, 엘레반스 헬스 마스터 서비스 계약 제5차 변경","title_en":"American Well 8-K Exhibit 10.1, Fifth Amendment to the Master Services Agreement with Elevance Health","excerpt":"계약의 최초 기간은 2026년 1월부터 2029년 1월까지다.","excerpt_en":"The term ... shall begin on January 1, 2026 and shall end January 1, 2029"}]},{"direction":"cost","counterparty":"CVS 헬스","counterparty_slug":"cvs-health","confidence":"high","metric":{"type":"contract_value","unit":"USD","as_of":"2026-02-06","basis":"CVS 헬스 자회사 CaremarkPCS Health의 핵심 약국 서비스 계약 금액","value":null,"period":"contract_through_2027-12-31","basis_en":"Value of the core pharmacy services agreement with CVS Health subsidiary CaremarkPCS Health","qualifier":"confirmed_no_disclosed_value"},"note":"CarelonRx는 처방 청구심사와 약국 네트워크 등 핵심 약국급여관리 업무 일부를 CVS 헬스 자회사 CaremarkPCS Health에 맡긴다. 현 계약기간은 2027년 12월까지이며 지급액은 공개되지 않았다.","note_en":"CarelonRx delegates certain core pharmacy benefit functions, including claims and network services, to CVS Health subsidiary CaremarkPCS Health. The current term runs through December 2027, and payments are not disclosed.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-06","url":"https://www.sec.gov/Archives/edgar/data/1156039/000115603926000013/elv-20251231.htm","title":"엘레반스 헬스 2025 회계연도 Form 10-K","title_en":"Elevance Health, Inc. 2025 Form 10-K","excerpt":"CarelonRx는 특정 핵심 약국 서비스를 CaremarkPCS에 위탁한다.","excerpt_en":"CarelonRx delegates certain core pharmacy services to CaremarkPCS Health, L.L.C."}]}]}