CVS Health shares fall as company cuts full-year profit outlook

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 97%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

Medicare Advantage members’ higher use of health services weighs on results

CVS Health Corp.’s stock CVS, -6.17% fell more than 4% premarket Wednesday, after the drug-store chain and health-services company posted stronger-than-expected third-quarter earnings but cut profit guidance for the full year and sounded downbeat on its 2024 outlook.

While results beat expectations, CVS said some headwinds in key business segments may continue into next year. In the company’s healthcare benefits unit, which offers Medicare Advantage and other health insurance plans, adjusted operating income dropped 6.4% from the year earlier, as increased utilization in Medicare Advantage plans weighed on results, CVS said.

Addressing the popularity and cost of GLP-1 drugs for weight loss, CVS president and CEO Karen Lynch said on the call Wednesday, “it could cost the U.S. $1 trillion if every American that is considered obese, and that’s about 70 million Americans, were prescribed” the drugs. “It is imperative for us as a PBM to really reduce the overall cost of those drugs, and we’re working very closely with our customers to do that,” Lynch said.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 3. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

CVS Health earnings top forecasts on pharmacy, health care benefits strengthCVS stuck to its full-year profit forecasts despite a solid top and bottom line beat in its third quarter earnings report.
مصدر: startelegram - 🏆 248. / 63 اقرأ أكثر »

CVS Health’s stock up after earnings beat, but company lowers full-year EPS guidanceCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »