Healthcare Innovation October 18, 2024
Taking over for Karen Lynch is pharmacy services veteran David Joyner, who rejoined the company nearly two years ago.
CVS Health Corp. President and Chief Executive Officer Karen Lynch stepped down from her job Oct. 17 to be replaced by the leader of the company’s Caremark pharmacy benefit manager.
In announcing the change at the helm—which comes just a few months after Lynch shuffled some senior leadership roles and took charge of CVS’ Aetna insurance group—Rhode Island-based CVS also said its third-quarter results will come in well below expectations because of higher-than-expected benefit costs, a trend that first surfaced in the company’s numbers late last year.
“The Medical Benefit Ratio for the third quarter is currently expected to be approximately...
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