Health Insurers’ 2Q Was a ‘Meeting Expectations Type of Quarter’
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Aug 16, 2024
So far, 2024 has proven to be an eventful year for publicly traded health insurers — and not always in a good way.
Indeed, during the most recent quarter CVS Health Corp. made waves by adjusting its earnings outlook downward for the third time this year and dismissing the short-tenured president of its Aetna health benefits division due to ongoing Medicare cost pressures.
Other publicly traded firms, including Humana Inc. and Elevance Health, Inc., offered better second-quarter performances, but still saw their share prices fall amid investors’ concerns about how medical costs will shake out in the second half.
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