CVS Health says will reenter Obamacare market in January 2022

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CVS Health Corp said on Tuesday it would return to selling individual health insurance plans that offer Affordable Care Act premium subsidies next ...

CVS Health Corp said on Tuesday it would return to selling individual health insurance plans that offer Affordable Care Act premium subsidies next year, saying the market had stabilized.Share this contentREUTERS: CVS Health Corp said on Tuesday it would return to selling individual health insurance plans that offer Affordable Care Act premium subsidies next year, saying the market had stabilized.

CVS Health operates a large health insurance business, acquired through its US$69-billion purchase of Aetna in 2018, when health insurer Aetna fully exited Obamacare exchanges.The company reported better-than-expected quarterly profit but forecast full-year earnings largely below estimates as the pharmacy chain operator's health insurance business grapples with costs related to the resumption of non-urgent surgeries that were halted during the pandemic.

 

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