Obligations recorded from September 23, 2025 through September 22, 2026. Obligations are promises by the federal government to spend money, not necessarily cash already paid.

As of

September 22, 2026

Paper Trail overview

About This Organization

A major health insurance company serving millions of Americans through commercial and government health plans.

Editorial context

Why It Is Included

Included because this organization appears in federal spending records and is part of The Paper Trail Project's public-interest research directory.

Paper Trail research

Why you may have heard of it

Formerly Anthem and a major participant in Medicaid and Medicare programs.

Direct public money received

Public Money Profile

Federal obligations are shown by award type and kept separate from tax incentives or workforce public-benefit research. These categories should not be added into a generic “subsidy” figure.

Federal contracts

$281.9M

Federal grants

Direct payments

Federal loans

Other assistance

Workforce public-benefit research

No published source-backed estimate linked unless shown elsewhere on this profile.

Tax incentives and subsidies

Not included without attributable official records.

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Connection explorer

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Move from this organization to federal agencies, spending categories, reviewed corporate relationships, lobbying disclosures, its affiliated PAC, and political recipients.

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Federal data

Spending Over Time

Federal fiscal years

Prime-award transaction obligations attributed to this USAspending recipient. Negative totals can reflect deobligations or corrections.

$301.1M

FY2017

$266.4M

FY2018

$272.2M

FY2019

$210.9M

FY2020

$249M

FY2021

$351.5M

FY2022

$435.3M

FY2023

$186.1M

FY2024

$261.1M

FY2025

$281.9M

FY2026To date

The current fiscal year is partial and will change as USAspending publishes additional transactions.

Federal data

Who funds Elevance Health?

The federal agencies and offices responsible for the organization’s recorded obligations.

1Department of Health and Human Services$281,931,032100.0% of total 2General Services Administration$00.0% of total 3Department of Veterans Affairs$00.0% of total

ConnectedLast refreshed September 22, 2026

Prime-award transaction obligations from 2025-09-23 through 2026-09-22, grouped by top-tier awarding agency.

Federal data

What Federal Agencies Bought or Funded From Elevance Health

USAspending classifies federal obligations using product and service codes for contracts and assistance-listing categories for grants and other assistance. These records describe federal awards to the organization—not the organization’s own operating expenses.

Products and services

SOCIAL- GOVERNMENT HEALTH INSURANCE PROGRAMS

PSC G007

$207,697,45473.7% of total

IT AND TELECOM- INTEGRATED HARDWARE/SOFTWARE/SERVICES SOLUTIONS, PREDOMINANTLY SERVICES

PSC D318

$52,070,09418.5% of total

IT AND TELECOM - BUSINESS APPLICATION/APPLICATION DEVELOPMENT SUPPORT SERVICES (LABOR)

PSC DA01

$15,525,1155.5% of total

SUPPORT- PROFESSIONAL: OTHER

PSC R499

$5,338,2561.9% of total

SUPPORT- MANAGEMENT: BANKING

PSC R711

$1,301,1130.5% of total

Prime-award transaction obligations from 2025-09-23 through 2026-09-22. Categories can be broad and reflect federal coding, not Paper Trail editorial conclusions. View USAspending source ↗

Corporate structure

What does Elevance Health control?

Business segments, subsidiaries, joint ventures, and acquired companies connected to the parent organization.

Legal-subsidiary lists are drawn from reviewed SEC Exhibit 21 filings. Companies may omit subsidiaries that are not considered significant under SEC reporting rules, so these lists are not necessarily exhaustive.

Legal subsidiaries254

Advantage Medical Group, LLC

Puerto Rico

Elevance Health

At a Glance

Tracked federal obligations

Largest tracked awarding agency

Industry

About This Organization

Why It Is Included

Why you may have heard of it

Public Money Profile

Follow the Full Trail

Spending Over Time

Who funds Elevance Health?

What Federal Agencies Bought or Funded From Elevance Health

Products and services

What does Elevance Health control?

Important Documents

Elevance Health Exhibit 21 — Subsidiaries ↗

Sources

Cite this page

Elevance Health Exhibit 21 — Subsidiaries