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(Reuters) -CVS Health said on Tuesday it would lay off about 2,900 employees, representing less than 1% of its workforce, as the healthcare conglomerate aims to cut costs.
CVS Health Corp, which owns Hartford-based health insurer Aetna, plans to eliminate 5,000 corporate job nationwide this year, as the pharmacy giant seeks to trim expenses and shift investments ...
Another study from the Employee Benefit Research Institute estimates that a couple with high drug costs throughout retirement would need savings of about $413,000 by age 65 to have a 90 percent ...
Some fringe benefits (for example, accident and health plans, and group-term life insurance coverage up to $50,000) may be excluded from the employee's gross income and, therefore, are not subject to federal income tax in the United States. Some function as tax shelters (for example, flexible spending, 401(k), or 403(b) accounts).
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.
(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 ...
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.
Costs from Medicaid plans for lower income people have also been high due to sicker patients gaining coverage. The company reported a sharp decline in second-quarter profit to $1.83 per share ...
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