Fierce Healthcare August 7, 2019
CVS Health released its second-quarter earnings on Wednesday morning.
CVS Health is putting a focus on growing and differentiating its business segments heading into 2020. One area where it sees substantial opportunity: its government health plans, executives said Wednesday.
CEO Larry Merlo said on the company’s second-quarter earnings call that expanding the reach of its Medicare products in the next plan year will allow it to reach about 80% of Medicare lives. Aetna, the company’s health benefits arm, will also be working to convert members from its prescription drug plans to its Medicare Advantage plans, he said.
“We continue to see opportunities to further grow our Medicare products,” Merlo said. “We see an opportunity to accelerate PDP to MA conversions...
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