CVS Health’s fourth-quarter profit fell as the drugstore chain and pharmacy benefits manager dealt with increased operating costs. Still, its adjusted profit and revenue beat Wall Street’s estimates. The Woonsocket, Rhode Island-based company also trimmed its full-year adjusted earnings forecast, citing the possibility of higher medical costs. For the three months ended Dec. 31, CVS […]
(Reuters) – CVS Health lowered its adjusted profit forecast for 2024 on Wednesday after an increase in medical care among older adults in the United States drove up fourth-quarter costs at its insurance business. The company cited a late-year rise in medical care, including outpatient procedures among those enrolled in Medicare Advantage plans, under which […]
(KRON) — A woman was arrested by the Los Gatos Police Department after she allegedly stole from Walmart, Safeway and CVS, police said. Police were alerted to the female suspect by CVS employees who called to say she left the store with a bag full of makeup. Police cameras captured the woman driving towards the […]
WASHINGTON (DC News Now) — More CVS pharmacies will soon close their doors for good around the District. Three will shut down by the middle of March, all of which are located in Target stores. Attic fire breaks out, family displaced in Montgomery County Those locations are as follows: 1515 New York Ave., NE: Feb. […]
Healthcare By Josh Nathan-Kazis Jan 18, 2024, 3:29 pm EST Share Reprints In this article UNH HUM SPX CI America’s health insurance giants have gone all-in on the government-funded Medicare Advantage program over the past decade, reshaping their businesses to capture the profits it promised. Continue reading this article with a Barron’s subscription. View Options
CVS plans to close pharmacy inside Target in Dorchester CVS plans to shut its pharmacy inside the Target in Dorchester. The pharmacy at the Geneva Avenue Target location will close on March 6. Prescriptions will be transferred to the CVS Pharmacy at 451 Washington Street, which is also in Dorchester, about a mile away. Last week, […]
Humana stock dived 15% to a nearly two-year low early Thursday after slashing its earnings outlook and reporting lackluster growth in its Medicare Advantage plans in the 2024 enrollment period. Other managed care stocks, including UNH and CVS Health (CVS), suffered more moderate losses, partly because they were already hit last week by UnitedHealth Group‘s […]
(Bloomberg) — The biggest US drug-benefits manager is making a move that will take a bite out of sales for one of the world’s top-selling medications. Most Read from Bloomberg Starting April 1, CVS Health Corp. will no longer offer AbbVie Inc.’s Humira to most of the millions of patients in its commercial prescription plans. […]
Well, the New Year is almost here. We’ll get a day’s break from trading, which means a chance to breathe easy, and maybe catch up on some market data before jumping back into the daily routines of the trading floors. We don’t know how the coming year will shake out, but we can prepare by […]
A now-viral TikTok is calling out CVS for appearing to throw away products like blankets and socks the day after Christmas. Anna Sacks, who has shared footage of intact goods in store trash since at least 2020 on TikTok, posted the video Dec. 28. The video, recorded on Dec. 26, shows massive heaps of trash […]
CVS Health is introducing changes to how its prescription drug pricing model works, and that could lead to some savings for customers starting next year ByThe Associated Press December 5, 2023, 10:58 AM FILE – A CVS store sign is displayed in Pittsburgh on Feb. 3, 2023. CVS Health is introducing changes to how its […]