CVS Reports Q2 Earnings
CEO Karen Lynch to take over day to day for Aetna to offset elevated expenses
CVS was the last of the “Big Six Payors” to report earnings on Wednesday, and it was not one of their better calls. They guided down due to increased utilization headwinds and announced that CEO Karen Lynch would be taking over the Aetna business. While they grew top-line revenue in the quarter by 2.6% to over $91 billion, operating cash flows and EPS f…
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