Aetna hit with $900M in surprise MA costs, CVS Health reports
05/03/24 at 03:00 AM
Aetna hit with $900M in surprise MA costs, CVS Health report
Modern Healthcare; by Nona Tepper; 5/1/24
CVS Health will launch a multiyear plan to boost Medicare Advantage profitability after its Aetna subsidiary recorded $900 million in higher-than-anticipated medical costs during the first quarter, President and CEO Karen Lynch said during an earnings announcement Wednesday. “We continue to evaluate our cost structure and productivity and will accelerate these and other initiatives over the next few months,” Lynch said.