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Published 17 days ago

CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist

  • CVS Health reported lower-than-expected first-quarter revenue and earnings, reducing its full-year profit forecast due to increased medical costs impacting the U.S. Insurance sector.
  • The company adjusted its 2024 earnings outlook to $7 per share from the previous $8.30 per share guidance.
  • CVS Health anticipates continued high medical costs in its insurance division throughout the year.
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Associated Press NewsAssociated Press News

CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist

CVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below Wall Street’s forecast.

18 days ago·United States
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abc Newsabc News

CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist

CVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below Wall Street’s forecast

18 days ago·United States
Read Full Article
CNBCCNBC

CVS shares plummet as health company slashes profit outlook on higher medical costs

CVS and other insurers have seen medical costs spike as many Medicare Advantage patients return to hospitals to undergo procedures they delayed during Covid.

18 days ago·United States
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BloombergBloomberg

CVS Cuts Annual Profit Outlook Citing Rising Medical Cost

CVS Health Corp. shares fell sharply in premarket trading after the company cut its yearly earnings outlook for the second quarter in a row, citing increased medical costs in its Medicare insurance business.

18 days ago·United States
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Star TribuneStar Tribune

CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist

CVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below Wall Street's forecast.

18 days ago·Minneapolis, United States
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WPLGWPLG

CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist

CVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below Wall Street’s forecast.Shares of the health care giant plunged Wednesday morning after the company said it was still struggling with rising costs from care use in its Medicare Advantage business. Company leaders told analysts they were still dealing with rising use from outpatient care and in supplemental benefits. The company also saw some new pre…

18 days ago·Miami, United States
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