maintaining a forecast for net earnings per share between $15.45 and $15.75. Its insurance arm made $2.9 billion in earnings from operations. , raised its revenue guidance amid the pandemic, citing higher unemployment in the US. The insurer made $476 million in adjusted net earnings in the first quarter.worth of support for customers by way of discounts to their premiums and waiving of copays for doctors' visits.
CVS Health noted that it saw a 30% drop over the last two weeks of March and through April in discretionary or deferred care. In places around the country that have started to lift the shelter-in-place orders, visits to the doctor have started to tick back up, CEO Larry Merlo told Business Insider. But it won't be as straightforward as resuming visits — people have to feel comfortable stepping into a doctor's office or hospital.
"There's an element of consumer behavior that is in play here as it relates to discretionary care," Merlo said. "When will people be comfortable doing whatever it was, that they would have done had the pandemic never occurred. It's hard to gauge that trajectory. It's a real unknown at this point." In the second-quarter, CVS expects to spend the least on medical care in 2020, with spending picking up again in the second half of the year. Healthcare Explained:
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