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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Alignment Healthcare reported that its second-quarter net income more than doubled to $36.6 million compared to the year-ago period. This significant profit growth was primarily driven by easing care costs for older adults enrolled in the company's Medicare Advantage plans. The reduction in these medical expenses played a key role in bolstering the company's financial performance for the quarter.