America’s drugstores are testing smaller locations and more ways to offer care as price-sensitive shoppers look elsewhere. “Everyone looks at health care and says, ‘Oh yeah, it’s a market that’s ripe for disruption,’” said Neil Saunders, managing director of consulting and data analysis firm GlobalData. “But it isn’t easy to disrupt.” Walgreens CEO Tim Wentworth said recently that his company …
Busy Medicare Advantage businesses have CVS Health and other insurance providers spooked about the new year. The health care giant said Wednesday that it was scaling back already cautious expectations for 2024 as it tries to understand why costs keep rising from the privately run version of the government’s Medicare program. CVS Health said Wednesday those costs were coming from …
CVS Health beat third-quarter forecasts thanks partially to its growing pharmacy benefits management side, but the health care giant is cautious about next year. Cowhey said CVS Health should see growth from its core business in 2024 and reap savings from a previously announced cost-cutting program. CVS Health turned a $2.26 billion profit after reporting a loss of more than …
CVS Health topped second-quarter expectations, but the health care giant’s profit sank as pricing pressure hurt its drugstores and a jump in care use hit the insurance side. CVS Health runs prescription drug plans through one of the nation’s largest pharmacy benefits managers. In the second quarter, growth from the CVS Health’s largest business, pharmacy benefits management, softened hits from …