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CVS Made a Big Bet on Medicare. It’s Looking Risky.
The Wall Street Journal· 1 day agoThe company’s Medicare woes reflect broader issues across the insurance industry, with competitor Humana issuing its own earnings meltdown at the start...
Aetna hit with $900M in surprise MA costs, CVS Health reports
Modern Healthcare· 2 days agoAetna is eyeing 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.
Analysts revise CVS stock targets after Aetna Medicare Advantage earnings plunge
TheStreet.com· 6 hours ago"We have a track record of successfully navigating complex industry pressure, and we’ll continue to demonstrate our resilience," the president and CEO of CVS Health told analysts during the ...
Dignity Health, Aetna reach agreement on new contract
KSBY San Luis Obispo· 6 days agoDignity Health and Aetna have reportedly reached an agreement on a new contract. In early April,...
CVS cuts 2024 profit forecast as insurance unit faces soaring medical costs
AOL· 2 days ago(Reuters) -CVS Health Corp slashed its annual profit forecast and missed Wall Street estimates for first-quarter earnings on Wednesday, as elevated demand for medical procedures ...
CVS stock crashes after Aetna Medicare Advantage hit
TheStreet via Yahoo Finance· 2 days agoCVS (CVS) , as well as its rivals in the health insurance sector, is seeing huge increases in medical payouts as more Americans, typically those of...
CVS plummets as rising medical costs hit profit forecast
Crain s Chicago Business· 13 hours agoHumana pulled its 2025 guidance last week as expenses and government reimbursement changes in the program clouded its outlook. While similar challenges prompted CVS to cut its 2024 guidance ...
Cigna Medicare Advantage sale advances as company raises outlook
Modern Healthcare· 13 hours agoCigna Group has taken a big step forward to exit the Medicare Advantage business, a strategy that may pay off given industry headwinds. The Justice Department has completed its review of Cigna ...
CVS cuts 2024 profit forecast as soaring medical costs hit insurance unit
Reuters via Yahoo Finance· 2 days 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 ...
CVS Stock Falls Most Since 2009 as Medicare Costs Shock Wall Street
Barrons.com· 2 days agoOn a call with investors, Lynch said that the company continues to believe that Medicare Advantage...