Elevance has a positive impact on the health and wellbeing of US citizens by providing them with access to healthcare, which is still necessary as there is no universal healthcare coverage in the US. Furthermore, Elevance can play an important role in transitioning the healthcare sector away from fee-for-service models to fee-for-value models, which should lead to more normal levels of healthcare utilisation and thus reduce growth of health care spending. Being the payor, Elevance has to negotiate with healthcare providers about the level of reimbursement and also about how the provider is reimbursed. If Elevance succeeds in convincing hospitals to switch to a fee-for-value model, it should lead to lower and perhaps more predictable medical expenses. This is good for society (tax payer money can be used for something else), but also good for Elevance as it make it easier to control its medical expenses and thus maintain (or increase) margins.

The provision of health care insurance leads to increased access to health care facilities, improved financial protection and an improved health status. Health insurance plans offer protection against high medical costs which is especially beneficial for low-income groups. With it, Elevance contributes to SDG 3 (good health and well-being) and SDG 10 (reduced inequalities).