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Aetna hit with $900M in surprise MA costs, CVS Health reports
Modern Healthcare· 1 day agoAetna is eying benefit cuts and other measures to lift Medicare Advantage profit margins from -3% to at least 4% over the next few years, CVS Health executives said.
CVS Made a Big Bet on Medicare. It’s Looking Risky.
The Wall Street Journal· 17 hours agoShe added that the diversity of CVS’s businesses—which include its huge pharmacy benefit manager and its eponymous drugstores as well as Aetna—positioned...
CVS cuts annual profit forecast and flags challenges in 2025, shares fall 18%
Reuters via AOL· 1 day ago(Reuters) -CVS Health Corp slashed its annual profit forecast on Wednesday and flagged challenges...
State’s premature release of bid proposal info touches off new battle over $116 billion in Medicaid...
The Texas Tribune· 3 days agoThe agency confirmed the error in emails it sent to Aetna and others earlier this year, according to...
CVS Stock Falls Most Since 2009 as Medicare Costs Shock Wall Street
Barrons.com· 22 hours agoAetna is the company’s health insurance division. Medicare Advantage spending has wreaked havoc in...
Why CVS Health Stock Plunged Today
Motley Fool via Yahoo Finance· 22 hours agoThe Medicare Advantage changes were already known about prior to the earnings release, and several health insurance stocks fell weeks ago. However,...
CVS cuts 2024 profit forecast as soaring medical costs hit insurance unit
Reuters via Yahoo Finance· 1 day agoThe U.S. healthcare giant cut its per-share adjusted earnings forecast for 2024 to at least $7.00 from at least $8.30, adding it anticipates the surge in medical procedures at its unit that ...
CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist - WTOP News
WTOP Washington· 1 day agoCVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below...
Medicare Advantage costs cited as CVS Health drops | Northwest Arkansas Democrat-Gazette
Northwest Arkansas Democrat Gazette· 8 hours agoCVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below...
CVS stock plunges after earnings numbers one analyst 'did not even believe'
AOL· 21 hours agoCVS (CVS) disappointed Wall Street Wednesday by missing revenue estimates and revising down its 2024 guidance, and expects to raise insurance plan prices ...