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CVS HEALTH CORPORATION - CVS STOCK NEWS

Welcome to our dedicated page for CVS HEALTH CORPORATION news (Ticker: CVS), a resource for investors and traders seeking the latest updates and insights on CVS HEALTH CORPORATION stock.

CVS Health Corporation (NYSE: CVS) is an American healthcare conglomerate that encompasses CVS Pharmacy, a widespread retail pharmacy chain, CVS Caremark, a premier pharmacy benefits manager (PBM), and Aetna, a leading health insurance provider. With over 9,000 retail locations across the U.S., CVS Health offers a diverse range of healthcare services aimed at enhancing accessibility and affordability.

Operations and Services

CVS Health's core activities revolve around its retail pharmacy operations, which include prescription services and an array of health and wellness products. It processes approximately 2 billion adjusted claims annually through CVS Caremark, ensuring efficient PBM services. Aetna, serving about 26 million medical members, complements CVS with comprehensive health insurance plans.

Recent Developments

In recent news, CVS Health has achieved significant milestones:

  • Financial Results: The company reported strong fourth-quarter and full-year financial results for 2023, reflecting its robust position in the healthcare market.
  • Affordable Housing Initiatives: CVS Health has invested nearly $35 million in equity investments to develop affordable housing in Hawaii, addressing urgent community needs post-natural disasters.
  • Medicaid Services: Aetna Better Health of Michigan, part of CVS Health, has been recommended to continue serving Medicaid and CHIP beneficiaries under Michigan’s new Comprehensive Health Care Program (CHCP).

Strategic Acquisitions

CVS Health's acquisition of Oak Street Health adds primary care services to its offering, fostering synergies across its business lines. This strategic move aligns with its mission to provide seamless healthcare solutions, emphasizing convenience and comprehensive care.

Community Impact

CVS Health is committed to enhancing community health through local presence and digital channels. Its investments in affordable housing and educational programs in Hawaii exemplify its dedication to addressing social determinants of health.

Upcoming Events

The company will hold a conference call on May 1st, 2024, to discuss the first-quarter financial results of 2024, offering insights into its ongoing strategies and performance.

With over 300,000 dedicated professionals, including 40,000+ healthcare providers, CVS Health continues to be a trusted partner in health, improving lives with every significant moment of care.

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CVS Health (NYSE: CVS) has announced that it will hold a conference call with analysts and investors on Wednesday, November 6th, 2024, at 8:00 a.m. ET to discuss its third quarter 2024 financial results. The company will also broadcast an audio webcast of the event simultaneously on the Investor Relations section of its website at investors.cvshealth.com. The webcast will be archived on the site for one year following the event, allowing interested parties to access the information at a later date.

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FARE (Food Allergy Research & Education) is partnering with CVS Pharmacy for the third consecutive year on the Teal Pumpkin Project, a movement creating a more inclusive Halloween for those with food allergies. CVS Pharmacy is expanding its Teal Pumpkin Project line, offering over 60 non-food goodies in more than 9,000 stores nationwide and on CVS.com.

The partnership aims to address the challenges faced by children with food allergies during Halloween, as over 65% have reported negative experiences due to their condition. CVS's expanded selection includes trick-or-treat buckets, light-up bracelets, glow sticks, pumpkin flashlights, and new bulk items like prefilled mini-teal pumpkins.

Families, schools, and community event organizers can find participating CVS store locations on FARE's interactive neighborhood map and mark their addresses as providing non-food treats for Halloween.

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Aetna, a CVS Health company, has announced its 2025 Medicare products, focusing on core benefits that support overall health. The plans offer value, choice, and affordability with options including:

- $0 monthly plan premium
- $0 primary care copay
- $0 copay for Tier 1 drugs
- Dental, vision, hearing, and SilverSneakers benefits in every county served

Aetna will offer Medicare Advantage Prescription Drug (MAPD) plans in 44 states plus Washington, D.C., expanding to 76 new counties. The company estimates that 83% of Medicare-eligible beneficiaries will have access to a $0 monthly premium Aetna MA plan. New offerings include Chronic Condition Special Needs Plans (C-SNPs) in select areas and expanded Dual Eligible Special Needs Plans (D-SNPs).

The plans are backed by CVS Health's resources, offering access to MinuteClinic locations, OTC benefits, and Healthy Home Visits through Signify Health.

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CVS Health (NYSE: CVS) is preparing for Hurricane Helene's landfall in Florida. The company is taking steps to ensure customers, patients, members, and colleagues have access to necessary products and services. Key actions include:

- CVS Pharmacy reaching out to patients for prescription refills
- Stocking additional emergency supplies in stores
- CVS Caremark enabling one-time emergency refills
- CVS Specialty contacting patients about alternate delivery arrangements
- Aetna expanding engagement with Medicare and Commercial members
- Liberalizing Resources For Living services for mental health support

CVS Health is also supporting employees at risk from the storm and providing community resources. The company offers tips for managing prescriptions during evacuations and emphasizes following local evacuation orders.

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CVS Health (NYSE: CVS) has declared a quarterly dividend of $0.665 per share on its Common Stock. The dividend will be paid on November 1, 2024, to shareholders of record as of October 21, 2024. This announcement demonstrates CVS Health's commitment to returning value to its shareholders through consistent dividend payments. The quarterly dividend rate remains unchanged from previous distributions, indicating stability in the company's dividend policy. This news is particularly relevant for income-focused investors and those monitoring CVS Health's financial health and shareholder returns.

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CVS Health (NYSE: CVS) has announced that CVS Pharmacy locations in Massachusetts are now offering hormonal contraceptive prescribing services. This initiative aims to address the issue of contraceptive deserts and improve access to birth control. Patients aged 18 and older can visit any Massachusetts CVS Pharmacy for a consultation, which includes a health screening and blood pressure check. If eligible, pharmacists can prescribe various types of hormonal contraception.

The service costs $39 for the consultation, regardless of whether medication is prescribed. This new offering is part of a broader effort to increase access to reproductive health care and follows similar services already available in several other states. The move is supported by Massachusetts legislators and is seen as a step towards addressing disparities in contraceptive access.

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CVS Health (NYSE: CVS) is preparing for Tropical Storm Francine, expected to hit Louisiana as a hurricane. The company is taking proactive measures to ensure the safety and health of customers, members, and employees. Key actions include:

1. Reminding patients to refill prescriptions
2. Stocking stores with emergency supplies
3. Enabling emergency prescription refills
4. Arranging alternate delivery for specialty medications
5. Expanding clinical response team engagement
6. Offering mental health support services
7. Contacting at-risk employees

CVS Pharmacy stores will follow local evacuation orders and reopen when safe. The company advises customers to follow evacuation orders, carry current medications, and keep written records of prescriptions.

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CVS Health (NYSE: CVS) has announced the availability of updated 2024-2025 COVID-19 and flu vaccines at CVS Pharmacy and MinuteClinic locations nationwide. Walk-ins are accepted, and a simplified digital scheduler allows for easy appointment booking. The CDC recommends these vaccines for patients six months and older, ideally in September or October.

Key points:

  • Multiple vaccinations can be administered in one visit
  • Up to four patients can be scheduled together
  • Appointments available seven days a week, including evenings and weekends
  • MinuteClinic offers sick symptom visits with testing for flu, COVID-19, and strep throat
  • CVS offers more than 15 common vaccinations
  • Patients receive a $5 off $20 coupon for in-store purchases with any CDC-recommended vaccine
  • ExtraCare members get $2 in ExtraBucks Rewards for each CDC-recommended vaccine
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Aetna, a CVS Health Company (NYSE: CVS), has announced a significant expansion of fertility services coverage. Starting September 1, 2024, Aetna will offer intrauterine insemination (IUI) as a medical benefit for eligible plans, making it the first major insurer to update this coverage policy nationally. This landmark change aims to increase access to family-building options, regardless of sexual orientation or partner status.

The new policy removes the requirement for separate infertility benefit coverage and an infertility diagnosis, making IUI more accessible to a broader range of individuals, including LGBTQ+ and unpartnered people. This move aligns with Aetna's commitment to women's health and equity across all communities. The coverage will be implemented on a rolling basis for most plans upon renewal, with self-funded plan sponsors retaining the option to modify their coverage.

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CVS Pharmacy® has launched a new collection of journals featuring cover designs inspired by the mental health and wellness journeys of four CVS Health colleagues. The journals are part of the Caliber® Fashion Artist Series, available in over 6,700 CVS Pharmacy stores and on CVS.com. The project began with a company-wide call for art, resulting in more than 75 submissions. The four selected designs showcase original artwork celebrating personal and emotional growth.

Each hardcover journal, priced at $8.99, includes the artist's statement on the inside cover. The initiative aims to raise awareness of the impact of art and journaling on daily life, particularly appealing to Millennial and Gen Z consumers. The journals are available in spiral-bound or saddle-stitched binding, offering versatility and style for customers seeking tools for wellness and personal growth.

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FAQ

What is the current stock price of CVS HEALTH CORPORATION (CVS)?

The current stock price of CVS HEALTH CORPORATION (CVS) is $44.36 as of December 20, 2024.

What is the market cap of CVS HEALTH CORPORATION (CVS)?

The market cap of CVS HEALTH CORPORATION (CVS) is approximately 56.1B.

What does CVS Health Corporation do?

CVS Health Corporation is a healthcare conglomerate that includes a retail pharmacy chain, a pharmacy benefits manager, and a health insurance provider.

How many stores does CVS Health operate?

CVS Health operates over 9,000 retail pharmacy stores across the United States.

What recent acquisitions have CVS Health made?

CVS Health recently acquired Oak Street Health, adding primary care services to its existing healthcare offerings.

What is CVS Caremark?

CVS Caremark is the pharmacy benefits manager (PBM) division of CVS Health, processing about 2 billion adjusted claims annually.

What services does Aetna provide?

Aetna, part of CVS Health, provides a range of health insurance products, serving approximately 26 million medical members.

What community initiatives is CVS Health involved in?

CVS Health invests in affordable housing and educational programs, particularly in areas like Hawaii to support community health and wellbeing.

What is the financial outlook for CVS Health in 2024?

CVS Health revised its full-year 2024 GAAP diluted EPS guidance to at least $5.64 and adjusted EPS guidance to at least $7.00, reflecting continued medical cost trends.

When will CVS Health discuss its first-quarter results of 2024?

CVS Health will hold a conference call on May 1st, 2024, to discuss its first-quarter financial results.

How does CVS Health support Medicaid and CHIP beneficiaries?

Through Aetna Better Health, CVS Health supports Medicaid and CHIP beneficiaries by providing coordinated health care services, recently recommended to continue service in Michigan.

How does CVS Health improve access to healthcare?

CVS Health improves healthcare access through its extensive retail network, digital channels, and comprehensive health insurance plans, addressing various health and wellness needs.

CVS HEALTH CORPORATION

NYSE:CVS

CVS Rankings

CVS Stock Data

56.12B
1.26B
0.13%
82.89%
1.7%
Healthcare Plans
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