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Medicare Advantage persistABC News
•77% Informative
CVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below Wall Street’s forecast.
Shares of the health care giant plunged Wednesday morning after the company said it was still struggling with rising costs from care use in its Medicare Advantage business.
Company leaders told analysts they were still dealing with rising use from outpatient care and in supplemental benefits.
The company also saw some new pressure from inpatient care.
CEO Karen Lynch said the company's visibility into trends during the quarter was impaired by the cyberattack on Change Healthcare .
VR Score
87
Informative language
91
Neutral language
67
Article tone
formal
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English
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47
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Attention-grabbing headline
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Known propaganda techniques
not detected
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short-lived
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