Explore stories from Atlantic Canada.
Halifax Regional Police release Dartmouth suspect’s name and photo | SaltWire #news #novascotia - CVS Health Corp slashed its annual profit forecast and missed Wall Street estimates for first-quarter earnings on Wednesday, as elevated demand for non-urgent procedures increased medical costs at its health insurance business.
The U.S. healthcare giant cut its per-share adjusted earnings forecast for 2024 to at least $7.00 from at least $8.30, adding it anticipates the surge in medical procedures at its unit that houses health insurer Aetna to persist.U.S. health insurers have had to contend with rising medical costs over the past few quarters following higher demand for procedures, especially among older adults, that were delayed during the pandemic.
CVS in February reported an increase in costs in its Aetna Medicare Advantage plans for the fourth quarter, citing a rise in hip and knee surgeries, medical services related to the eyes, dental work and vaccinations including the RSV shot. The company's health care benefits segment, which houses the Aetna unit, recorded medical cost ratio - the percentage of premiums spent on healthcare - of 90.4% for the first quarter, compared with 84.6% a year earlier, and above the average of analysts' estimates of 88.43%, according to LSEG data.
On an adjusted basis, the company reported a profit of $1.31 per share for the three months ended March 31, below analysts' average estimate of $1.69.ADVERTISEMENT
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Top 2024 NHL Draft prospect Macklin Celebrini wins 2024 Hobey Baker AwardCelebrini beat out Boston College’s Cutter Gauthier (Anaheim Ducks) and North Dakota’s Jackson Blake (Carolina Hurricanes) to become the youngest...
Lire la suite »
Edmunds: 2024 Kia Niro versus 2024 Toyota Corolla CrossMany car shoppers simply want a vehicle that’s practical, easy to drive and relatively inexpensive. High fuel economy is increasingly a popular desire as...
Lire la suite »
Doors Open Toronto returns for 2024 with over 150 places to exploreDoors Open Toronto is returning next month, giving people across the city the rare chance to explore some of the most intriguing historic buildings...
Lire la suite »
Forecasters predict ‘extremely active’ 2024 Atlantic hurricane seasonExplore stories from Atlantic Canada.
Lire la suite »
Forecasters predict ‘extremely active’ 2024 Atlantic hurricane seasonExplore stories from Atlantic Canada.
Lire la suite »
N.L.'s Pinnacle AAA Growlers miss playoffs at 2024 Under-18 AAA Atlantic ChampionshipsExplore stories from Atlantic Canada.
Lire la suite »