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CVS Stock Falls Most Since 2009 as Medicare Costs Shock Wall Street
Barrons.com· 2 days agoTo blame were soaring Medicare Advantage costs, which have similarly slammed its peers. Shares of...
UofL Health at odds with Medicare Advantage plans
WDRB 41 Louisville News· 6 days agoThousands of Medicare Advantage members in the Louisville area have been unable to access in-network care at Baptist Health for nearly four months. Now,...
CVS plummets as rising medical costs hit profit forecast
Crain s Chicago Business· 14 hours agoCompanies including Humana Inc. and UnitedHealth Group Inc. that sell Medicare Advantage plans — private versions of the US government health program for ...
CVS Made a Big Bet on Medicare. It’s Looking Risky.
The Wall Street Journal· 1 day agoLynch, who led Aetna before taking over as CEO, has invested heavily in the Medicare business. In addition to aggressively expanding enrollment in...
Alignment Healthcare Surpasses Revenue Forecasts with Strong Q1 2024 Performance
GuruFocus.com via Yahoo Finance· 8 hours agoRevenue: Reported $628.6 million, a 43.1% increase year-over-year, surpassing the estimated $597.48 million. Net Loss: Recorded at $46.6 million, deeper than the estimated loss of $41.96 million ...
CVS’s stock suffers biggest drop in 15 years as Medicare Advantage issues weigh on results
Market Watch· 2 days agoChief Executive Karen Lynch said on the post-earnings call with analysts that “it became apparent”...
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.
Earnings call: CVS Health faces challenges, revises 2024 EPS guidance By Investing.com
Investing.com· 1 day agoThe company announced a revision of its full-year 2024 guidance for adjusted EPS to at least $7,...
Medicare Advantage networks should adapt, City of Hope exec says
Modern Healthcare· 4 days agoCity of Hope will further extend its reach by teaming up with more academic medical centers and employers, fueled by a $33 million funding round for its startup AccessHope. Narrow Medicare ...
CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist
Associated Press via AOL· 2 days agoCVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below...