Aetna executive ousted as CVS’ Medicare Advantage woes drag into second quarter
On Wednesday, CVS slashed its earnings guidance for the third time this year, announced a plan to cut $2 billion in costs and fired the head of its insurance division Aetna.
The Rhode Island-based healthcare behemoth, which has struggled since last year to manage the costs of Medicare seniors returning for care, also announced a plan to cut $2 billion in costs over the next few years — and fired its top insurance executive.
www.healthcaredive.com
On Wednesday, CVS slashed its earnings guidance for the third time this year, announced a plan to cut $2 billion in costs and fired the head of its insurance division Aetna.
The Rhode Island-based healthcare behemoth, which has struggled since last year to manage the costs of Medicare seniors returning for care, also announced a plan to cut $2 billion in costs over the next few years — and fired its top insurance executive.
![www.healthcaredive.com](/community/proxy.php?image=https%3A%2F%2Fwww.healthcaredive.com%2Fimgproxy%2Fx3pdg88WKw5-Qc2f_JqaPtcm59nVBbPYJlBL4hQL0Co%2Fg%3Ace%2Frs%3Afit%3A770%3A435%2FbG9jYWw6Ly8vZGl2ZWltYWdlL0dldHR5SW1hZ2VzLTE0MTM2NzQ1OTYuanBn.webp&hash=dd3d6f802bba4583f91cb807ffb91d15&return_error=1)
Aetna executive ousted as CVS’ Medicare Advantage woes drag into second quarter
On Wednesday, CVS slashed its earnings guidance for the third time this year, announced a plan to cut $2 billion in costs and fired the head of its insurance division Aetna, which continues to struggle with high medical utilization.