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:
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US companies eliminated a record 20.2 million jobs in April, ADP report says - Business Insider'Job losses for the month of April alone was more than double the total jobs lost during the Great Recession,' said Ahu Yildirmaz of ADP. much more in june-july!
Source: BusinessInsider - 🏆 729. / 51 Read more »
2020 US elections could be harder for social platforms than expected - Business InsiderMore political activity moving online, in addition to other pandemic-driven challenges, could make this already difficult election even harder for social platforms Hi there I'm a Professional Graphics Designer and Logo Designer. You can get any of your graphics related work done for just $5-15. You can use your business card and unique logo and letterhead and flyer banner, etc. I'll try to give my best. Thanks. The votes are on President Trump side but we know his legacy will be on the rebalancing of the American economy. History will remember him for building the greatest economy on the planet.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Meat shortage pushes prices higher for US grocery shoppers - Business InsiderThe American meat shortage is pushing prices to unprecedented heights — here's how it could affect your grocery bill Why? There is no meat shortage, these Chinese Communist owned Meat and Poultry Plants are shutdown to cause situations. Many of us don't need meat to survive.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Largest mobile soup kitchen in US overwhelmed with 50% spike in demand - Business InsiderFood programs have become vital as more than half a million New Yorkers have lost their jobs during the health crisis.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Cruise ship workers stuck on ships finally allowed to disembark in US - Business InsiderThousands of stranded cruise workers are finally being allowed to disembark ships in the US after cruise companies agree to strict deals with CDC
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump taps top GOP fundraiser to lead the embattled US Postal Service - Business InsiderThe new postmaster general's coziness with Trump will likely facilitate his efforts to dramatically raise delivery prices for Amazon. Trump taps former CEO of logistics company to run major logistics branch of government. Amazon must pay more. It is the price for their monopoly position. Translation: realDonaldTrump wants the Postal Service to stop losing money. Good for him.
Source: BusinessInsider - 🏆 729. / 51 Read more »