CVS Health is facing a multitude of headwinds. Medicare Advantage, which is a big part of CVS Health’s business, is experiencing an increase in utilization that has been cutting into profitability. CVS’ pharmacies are facing competition from companies like Amazon and Mark Cuban’s Cost Plus Drugs. In addition, PBMs are seeing increased scrutiny from the federal government, and the FTC recently sued the top three — including CVS Caremark — over insulin prices. And CVS isn’t alone in battling headwinds. UnitedHealthcare, Cigna and Walgreens are also battling challenges.
Read the full article: Should CVS Health Break Up? //
Source: https://medcitynews.com/2024/10/cvs-health-break-up/