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CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist
Houston Chronicle· 4 days agoCVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below...
CVS’s stock suffers biggest drop in 15 years as Medicare Advantage issues weigh on results
Market Watch· 4 days agoCVS was also feeling “the unfavorable impact” of the drop in its Medicare Advantage star rating,...
CVS slashes 2024 outlook — again — as Medicare seniors drive spending
Healthcare Dive via Yahoo Finance· 4 days agoRunaway inpatient spending in particular caused CVS’ insurance costs to snowball after returning “to...
CVS Health (CVS) Q1 2024 Earnings Call Transcript
Motley Fool via Yahoo Finance· 4 days agoWhile we strive to deliver benefit stability to seniors, we will be adjusting plan-level benefits and exiting counties as we construct our bids for 2025....
Aetna hit with $900M in surprise MA costs, CVS Health reports
Modern Healthcare· 4 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.
CVS Health Faces Steep Challenges After Disappointing Q1 Earning
Guru Focus· 4 days agoThis follows a troubling Q1 report where the company significantly lowered its FY24 adjusted EPS forecast by $1.30 to a minimum of $7.00. The primary issue was higher-than-expected cost pressures ...
Alignment Healthcare Posts Loss Even As Medicare Advantage Enrollment Soars
Forbes· 3 days agoAlignment Healthcare Thursday reported a net loss in its first quarter of $46.5 million as the...