Becker's Healthcare May 14, 2024
CVS Health executives are bracing to lose up to 10% of Aetna’s Medicare Advantage members next year, Bloomberg reported May 14.
At an investor conference on May 14, CVS CFO Tom Cowhey said it’s “entirely possible” the company loses a portion of its members in the coming year as it prioritizes profitability, according to Bloomberg.
“That’s OK because we need to get this business back on track,” Mr. Cowhey said.
Executives at CVS Health have said they will prioritize “margins over membership” in Medicare Advantage in the coming year. The company has reported rising medical costs in its Medicare Advantage business, and is facing a tougher reimbursement environment from CMS.
Aetna will exit counties where it believes...
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