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Aetna hit with $900M in surprise MA costs, CVS Health reports
Modern Healthcare· 21 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· 13 hours agoAetna and CVS Health over time.” She added that the diversity of CVS’s businesses—which include its huge pharmacy benefit manager and its eponymous...
CVS stock plunges after earnings numbers one analyst 'did not even believe'
Yahoo Finance· 17 hours agoBrian Kane, president of CVS's insurance brand Aetna, said the company is weighing a number of...
CVS cuts annual profit forecast and flags challenges in 2025, shares fall 18%
Reuters via AOL· 24 hours 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...
Temple Daily Telegram· 2 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· 18 hours agoAetna is the company’s health insurance division. Medicare Advantage spending has wreaked havoc in...
CVS cuts 2024 profit forecast as soaring medical costs hit insurance unit
Reuters via Yahoo Finance· 24 hours 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 ...
Aramark Suit Over Aetna’s Health Claims Exempt From Arbitration
Bloomberg Law· 3 days agowill move forward in court after a federal judge rejected the insurer’s effort to have the case sent to arbitration. The contract between Aetna and Aramark includes a mandatory ...
Why CVS Health Stock Plunged Today
Motley Fool via Yahoo Finance· 18 hours agoThe Medicare Advantage changes were already known about prior to the earnings release, and several health insurance stocks fell weeks ago. However,...
Medicaid disclosure unfairly benefits Aetna, rival insurers say
Modern Healthcare· 3 days agoTexas gave two consultancies and a law firm a sneak peek into how managed care companies bid to run Texas’ $116 billion Medicaid program, which some insurers contend gave CVS Health's