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Aetna hit with $900M in surprise MA costs, CVS Health reports
Modern Healthcare· 24 hours 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· 16 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· 21 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· 21 hours agoThe Medicare Advantage changes were already known about prior to the earnings release, and several health insurance stocks fell weeks ago. However,...
CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist
WKRN Nashville· 24 hours agoCVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below...
UPDATE 1-Cigna sees strong annual profit on lower costs, pharmacy benefit strength
Reuters via Yahoo Finance· 2 hours agoHealth insurer Cigna Group raised its annual profit forecast on Thursday, as lower-than-expected medical costs and strength in its pharmacy benefit management unit helped ...
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 plummets as rising medical costs hit profit forecast - The Boston Globe
The Boston Globe· 17 hours agoCVS Health Corp. shares tumbled the most in nine years after the company cut its annual earnings...