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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 Health to lay off nearly 2,900 employees in cost-cutting push. October 1, 2024 at 4:35 PM (Reuters) -CVS Health said on Tuesday it would lay off about 2,900 employees, representing less than 1 ...
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.
But Shah said that despite these new efforts, "Health insurance companies are always going to need a PBM." In 2024, the PBM business was the largest segment of revenue for CVS, bringing in a total ...
The new forecast of at least $8.30 per share, from at least $8.50 per share it had forecast in December, factors in the potential for medical costs being elevated in 2024, CVS said.
CVS Health Corp. still runs one of the nation’s largest drugstore chains and a huge pharmacy benefit management business that operates prescription drug coverage. It also covers nearly 27 million people through its Aetna insurance arm. Overall, the company's profit dropped more than 7% to $1.77 billion in the quarter.
Aetna Inc. is an American managed health care company that sells traditional and consumer directed health care insurance and related services, such as medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans, primarily through employer-paid (fully or partly) insurance and benefit programs, and through Medicare.
CVS Health is planning to cut about 2,900 jobs in an effort to slash costs, the US health care company said Tuesday. “We’ve embarked on a multi-year initiative to deliver $2 billion in cost ...
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