SOUTHFIELD, Mich., April 9, 2024 /PRNewswire/ -- Aetna Better Health of Michigan, a CVS Health® company (NYSE: CVS), has been recommended by the Michigan Department of Health and Human Services to continue serving Medicaid and CHIP beneficiaries under a new Comprehensive Health Care Program (CHCP) contract. Image provided by Aetna, a CVS Health Company. "We're committed to helping improve the health and wellbeing of members, their families and communities in Michigan," said Mark Santos, President, Aetna ...

In this photo illustration, a package of Opill is displayed on March 22, 2024 in San Anselmo, California.CVS Health on Thursday said its drug plans will cover the first over-the-counter birth control pill in the U.S. at no cost for many health plan sponsors, a decision that could open the door for more people to prevent unintended pregnancies without a prescription. The company's pharmacy benefit manager, CVS Caremark, said the pill will be added to its preventive services oral contraceptives list and will ...

The latest trading session saw CVS Health (CVS) ending at $74.60, denoting a +1.06% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a gain of 0.11% for the day. Meanwhile, the Dow experienced a drop of 0.11%, and the technology-dominated Nasdaq saw an increase of 0.23%.Shares of the drugstore chain and pharmacy benefits manager witnessed a gain of 0.15% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 0.04% and underperfo ...

Health insurance stocks slid yesterday, after final Medicare Advantage (MA) payment rates fell below expectations. The news also impacted CVS Health Corp (NYSE:CVS) stock, which staged a 7.2% drop -- its worst daily percentage loss since August. Shares are only modestly higher in today's recovery -- up 0.7% at $74.37 at last glance. For those looking to buy the dip, however, the recent pullback has CVS within one standard deviation of its 200-day moving average, a trendline with historically bullish implica ...

The three-year-long historic public health crisis significantly altered the structure and trend of the Retail - Pharmacies and Drug Stores industry. On a positive note, amid acute supply-chain disruption and staffing shortages within healthcare, the retail pharmacy business witnessed high demand, thanks to the exponentially growing demand for distant medical services and remote patient care. Particularly, mail-order pharmacies registered growth by adopting digital health services in the form of telehealth a ...

The federal agency that administers the Medicare program just approved a 3.7% payment rate increase. Here's why that's bad for insurance stocks.Shares of several leading health insurance managed care stocks plunged today after the federally run Centers for Medicare and Medicaid Services (CMS) finalized a lower-than-expected 3.7% payment rate increase for the 2025 calendar year. When all was said and done at close of Tuesday's trading, shares of Humana (HUM -13.41%) were down 13.4%, CVS Health (CVS -7.21%) h ...

Major health insurers witnessed significant declines late Monday as U.S. regulators held on to the rates for private Medicare plans, which surprised many investors. Humana Inc. (HUM) stock plunged 9.6% in the after-hours trading, while CVS Health Corporation (CVS) fell 5.9%. Another industry player, UnitedHealth Group Incorporated (UNH) , declined 4.5% in the after-hours trading, whereas Elevance Health, Inc. (ELV) stock decreased 4%.Let’s delve deeper to understand the overall industry scenario.In January, ...

WOONSOCKET, R.I., April 1, 2024 /PRNewswire/ -- CVS Health (NYSE: CVS) will hold a conference call with analysts and investors on Wednesday, May 1st, 2024, at 8:00 a.m. ET to discuss first quarter 2024 financial results.An audio webcast of the event will be broadcast simultaneously on the Investor Relations portion of the CVS Health website at investors.cvshealth.com where it will be archived for a period of one year. CVS Health logo (PRNewsFoto/CVS Health) About CVS HealthCVS Health® is the leading he ...

WOONSOCKET, R.I., March 21, 2024 /PRNewswire/ -- CVS Health (NYSE: CVS) has announced that its board of directors has approved a quarterly dividend of sixty-six and one-half cents ($0.665 cents) per share on the Common Stock of the Corporation. The dividend is payable on May 1, 2024, to holders of record on April 22, 2024. CVS Health logo (PRNewsFoto/CVS Health) About CVS Health CVS Health® is the leading health solutions company, broadening access to care for millions of people nationwide. We improve t ...

The most recent trading session ended with CVS Health (CVS) standing at $78.06, reflecting a +0.63% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.57% for the day. At the same time, the Dow added 0.83%, and the tech-heavy Nasdaq gained 0.39%.Prior to today's trading, shares of the drugstore chain and pharmacy benefits manager had gained 0.61% over the past month. This has lagged the Retail-Wholesale sector's gain of 2.73% and the S&P 500's gain o ...