Forbes February 12, 2025
CVS Health reported $4.6 billion in 2024 profits including $1.6 billion in the fourth quarter as the company worked to overcome rising medical expenses from patients in its health insurance business.
CVS, which operates more than 9,000 drugstores and the nation’s third-largest health insurance company in Aetna, has been struggling like other health insurers to control costs amid an influx of patients seeking medical treatment. Health insurers are seeing an uptick in claims submitted by patients executives say is driven in part by a pent up demand for medical care put off during the Covid-19 pandemic. Large numbers of sicker patients in hospitals is also to blame, insurers are saying.
In CVS’ case, the “health care benefits segment had an...
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