CVS reported net income fell nearly 9% to $1.77 billion, or $1.41 per share, in the Q2 compared to $1.9 billion, or $1.48, in the year-ago period due largely to a nearly 40% decrease in operating income in its healthcare benefits segment.
A host of earnings reports in recent weeks reinforce how much pharmacy, physician networks and other non-core products are driving the bottom lines of health behemoths with big insurance units.
Hospitals must promptly report to the Los Angeles County Department of Public Health every time they try to collect medical debt from patients, under an ordinance backed Tuesday by county supervisors.
The nation’s largest health care company pressed thousands of its clinicians to use a thinly tested medical device to screen people for artery disease, dramatically boosting payments from the federal government for years even though many of the patients were not sick, a STAT investigation found.
The national uninsured rate rose from 7.7% to 8.2% earlier this year, a result of states booting millions of Americans from their state Medicaid programs, according to new data from the CDC.