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CVS executivesCNBC
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87% Informative
CVS has engaged advisors in a strategic review of its business, CNBC reported Monday .
One option being weighed is splitting up its retail pharmacy and insurance units.
The healthcare giant has slashed its full-year 2024 earnings guidance for three consecutive quarters .
Some analysts contend that a breakup of CVS would be challenging and unlikely.
CVS is the top U.S. pharmacy in terms of prescription drug revenue, according to Statista data.
Walgreens trailed behind with nearly 15% of that market share last year .
CVS ' operating margin for its pharmacy and consumer wellness business was 4.6% last year , up from 3.3% in 2022 but down from 8.5% in 2019 .
More than half of Medicare beneficiaries are enrolled in Medicare Advantage plans as of 2024 .
Investors are now concerned about the skyrocketing costs from private health insurance plans.
CVS faced a "double whammy" this year , grappling with excess membership growth at a time when many seniors are using more benefits.
VR Score
90
Informative language
91
Neutral language
47
Article tone
semi-formal
Language
English
Language complexity
56
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
7
Source diversity
7
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