Elevance Health Shares Its Voice on Healthcare Affordability at the House Energy and Commerce and Ways and Means Committee Hearings

On January 22, 2026, Elevance Health President and Chief Executive Officer Gail K. Boudreaux testified before both the House Energy and Commerce and Ways and Means Committees on healthcare affordability, an issue that directly affects the people and communities we serve.

Healthcare affordability challenges reflect system-wide cost growth, with healthcare costs rising faster than inflation and the broader economy. In 2024, United States healthcare spending reached $5.3 trillion-growing 7.2% year over year and accounting for roughly 18% of gross domestic product. This growth is driven by higher utilization and increasing intensity of care, particularly in hospital services, physician services, and prescription drugs, and it affects families, employers, and taxpayers across all types of coverage.

Improving affordability requires addressing the drivers of healthcare costs themselves, while maintaining access to high-quality care. That means improving health outcomes, partnering with and supporting care providers, and reducing unnecessary administrative complexity across the system.

At Elevance Health, affordability sits at the center of our whole-health approach and guides how we create sustainable value for members, customers, and communities. We are actively addressing the drivers of rising healthcare costs through value-based care, care coordination, administrative simplification, and consumer-focused tools. Targeted, bipartisan policy solutions can further support these efforts by addressing underlying cost drivers, promoting competition and transparency, and maintaining stable public program policies.

We are committed to working with partners across the healthcare system to manage costs and help people get the care they need when they need it.

Read the full submitted Energy and Commerce Committee testimony here

Read the full submitted Ways and Means Committee testimony here

About Elevance Health

Elevance Health is a lifetime, trusted health partner whose purpose is to improve the health of humanity. The company supports consumers, families, and communities across the entire healthcare journey - connecting them to the care, support, and resources they need to lead better lives. Elevance Health's companies serve over 109 million consumers through a diverse portfolio of industry-leading medical, pharmacy, behavioral, clinical, home health, and complex care solutions. For more information, please visit www.elevancehealth.com or follow us @ElevanceHealth on X and Elevance Health on LinkedIn.