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The Healthcare Transformation Alliance, led by former N.J. Congressman Rob Andrews, has saved its members at least $400 million in overall health care spending.
The Energy and Commerce Committee in the U.S. House of Representatives advanced several health care initiatives Wednesday, the most significant of which could curb surprise medical bills.
Congress will be voting Wednesday on a repeal of what is known as the “Cadillac Tax”—a provision of the Affordable Care Act which would place a 40% tax on employer-sponsored health care plans which provide excess benefits.
SAN DIEGO, June 04, 2019 -- The Shareholders Foundation, Inc. announces that a lawsuit was filed for investors who formerly held Aetna Inc (NYSE: AET) shares. Investors, who.
Earnings power from a major acquisition helped raise CVS Health's profit 42% in the first quarter, and the company hiked its 2019 forecast after starting the year with a more pessimistic outlook. The drugstore chain and pharmacy benefit manager set a new full year earnings forecast largely above Wall Street expectations after projecting in February earnings that would fall well short. Revenue from the company's pharmacy benefit management side grew 3% to $33.56 billion in the first quarter, helped by an increase in prescriptions processed and higher prices for brand-name medications.
Investing.com - Wall Street opened higher on Wednesday as investor sentiment was lifted by upbeat earnings and guidance from Apple ahead of the latest monetary policy announcement from the Federal Reserve later in the day.
CVS Health is venturing into dental care with plans to offer a relatively new teeth-straightening service. The drugstore chain said Thursday that it will add SmileDirectClub locations to hundreds of its stores, where customers can get started on getting their teeth straightened without an in-person visit with a dentist or orthodontist. CVS Health and other drugstores have been pushing in recent years to add more services to their store locations, in part to help their customers stay healthy.
Investing.com - The Trump Administration wants the entire Affordable Care Act (also known as Obamacare) declared unconstitutional and Cigna (NYSE:CI) shares fell back Tuesday as a result.
A U.S. judge who has been asked to sign off on a government agreement that allowed CVS Health Corp to buy health insurer Aetna ordered a hearing for April 5. Judge Richard Leon of the U.S. District Court for the District of Columbia issued the order on Thursday, saying that he wanted the hearing to discuss which witnesses, if any, should testify before he decides whether to approve the government's deal with the companies. The Justice Department approved the merger of CVS, a U.S. pharmacy chain and benefits manager, and Aetna in October on condition that Aetna sell its Medicare prescription drug plan business to WellCare Health Plans Inc. That deal has also closed.
Roughly 1 in 4 Americans don't have dental coverage, according to industry figures. Employers are by far the biggest provider of dental benefits in the U.S., accounting for nearly half of all enrollees, followed by the government's Medicaid plan for low-income people. Researchers have shown that costs are a bigger obstacle to dental care in the U.S. than all other forms of health care.
Millions of Americans get their health insurance and retirement accounts through their employers. Others partner with startups to offer debt solutions as an employee benefit. — Brightside connects workers to debt consolidation loans and student loan refinancing.
The U.S. Justice Department formally asked a judge on Monday to approve its deal to allow CVS Health Corp to merge with insurer Aetna. Judge Richard Leon of the U.S. District Court for the District of Columbia scolded the government and parties late last year for closing the $69 billion dollar merger before the consent order was approved by the court. With the government's request for final approval of the merger, Leon may sign off on the deal with no further ado or may decide to hold a hearing to allow critics to raise their concerns, said Andre Barlow of the law firm Doyle, Barlow and Mazard PLLC, an antitrust expert who has been following the case.
Asian stock markets were little-changed Thursday following a listless day on Wall Street ahead of U.S.-Chinese negotiations aimed at ending a tariff battle. Tokyo's Nikkei 225 index lost 0.1 percent to ...
Investing.com - Shares in CVS (NYSE:CVS) tumbled Wednesday after the company was forced to take another $2.2 billion charge against its struggling long-term care business, built around its 2015 acquisition of Omnicare.
Called "Attain," the Apple Watch app will reward Aetna customers for meeting activity goals and fulfilling recommended tasks, such as getting vaccinations or refilling medications, with a subsidy towards the cost of an Apple Watch or gift cards for U.S. retailers. Several insurers have offered such subsidies for using wearable devices to meet generic activity goals such as a number of steps in the past.
Closing the Aetna acquisition in November gave the pharmacy chain much more muscle. But investors are justifiably cautious about how the marriage will play out.
CVS Health spent a fortune to buy Aetna. CEO Larry Merlo explained at the J.P. Morgan Healthcare Conference why it should pay off for investors.