The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

News · last 7 days

Summary

Elevance Health faces a live "ghost network" class action over inaccurate behavioral-health provider directories that a court allowed to proceed on April 1.

Whether Elevance's ghost-network case and Carelon's cost-cutting push change how the sector's AI-driven denial practices get regulated.

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corp L1 Health

Elevance Health

What Elevance Health is up to now

Standing read holds unchanged: Carelon re-led (new co-chiefs over 90M consumers, 03-31), ABA/SUD cost targeting, and the BH 'ghost network' network-adequacy class action a court let proceed (04-01).

as of 2026-08-16

Sphere us
Pocket Health

Blue-licensed payer (+Carelon); deepest payer behavioral-health bench (ex-Beacon).

The axes

Commanded capital
~$199B/yr revenue + >=$6B/yr operating cash flow
Thrust
≈0 ARTIFACT-SUPPRESSED — no standalone dep disclosed since 2020; blended D&A gave a false −$0.5B (Broadcom-trap); true figure likely positive
Optionality
constrained + 11-state Blue license fence
Gravity
GROSS — ~46.8M members

axes as of 2026-07-25 · gravity shown gross (undeflated)

Projects & threads

No live threads tagged to this actor this week.

Vocabulary