Healthcare DIVE February 16, 2021
Dive Brief:
- CVS Health plans to resume selling individual coverage in the Affordable Care Act exchanges in 2022 due to shifting market conditions spurred by COVID-19 and the new Democratic administration in Washington.
- CEO Karen Lynch, who replaced long-time chief exec Larry Merlo this month, said Tuesday during the company’s fourth-quarter earnings call the ACA marketplaces have stabilized and are once again attractive to CVS and its payer arm, Aetna. Aetna left the exchanges four years ago due to rising costs and political uncertainty.
- Despite posting a 44% drop in net income, the Woonsocket, Rhode Island-based diversified healthcare behemoth beat Wall Street expectations in the fourth quarter as pharmacy sales rose due to COVID-19 testing and vaccination efforts, though...
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