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(Reuters) -CVS Health Corp tempered its forecast for 2024 earnings on Wednesday to account for potentially higher medical costs at its insurance unit as older adults increasingly avail healthcare ...
CVS Health steered through rising costs in its insurance division to handily beat profit expectations on Wall Street. The drugstore chain and pharmacy benefits manager earned $1.64 billion, or $1.30 per share for the period ended Dec. 31. A year earlier the company earned $2.05 billion, or $1.58 per share.
Pharmacy retailer CVS Health Inc. (NYSE:CVS) is scheduled to report its fourth quarter 2024 earnings on Wednesday, February 12. Wall Street estimates fourth-quarter adjusted EPS of $0.94 and sales ...
(Reuters) -CVS Health said on Wednesday that high demand for medical care among older adults hit second-quarter results, a trend that continued into July, causing it to slash its 2024 earnings ...
CVS Health has about 3.5 million people in that business through its Aetna arm. Health insurers started warning last year about higher-than-expected costs in their Medicare Advantage plans.
CVS Health Corporation is an American healthcare company that owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager; and Aetna, a health insurance provider, among many other brands.
CVS said it is cutting 2,900 workers, or about 1% of its workforce, as part of an effort to reduce costs by $2 billion. CVS lays off 2,900 workers in cost-cutting move. Here's what to know.
CVS Caremark was founded as MedPartners, Inc. in 1993 in Birmingham, Alabama by several local businessmen as a physician practice management (PPM) company. [1] HealthSouth, New Enterprise Associates, and Richard M. Scrushy stepped in to provide the company with early financial backing.