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CVS Accused of Wrongly Diverting, Retaining Federal Drug Program Revenue
District Court for the Southern District of New York. These covered entities receive discounts on prescription costs from drugmakers and use those funds to support their charitable ...
Source: BestWire   Date: July 27, 2026
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AM Best Affirms Credit Ratings of CVS Health Corporation’s Aetna Inc. Subsidiaries
Health and Aetna Insurance Company (Allina Health) (St. Louis Park, MN). Allina Health is a joint venture subsidiary of Aetna. AM Best also has affirmed the FSR of A (Excellent) ...
Source: Press Releases   Date: June 5, 2026
AM Best Affirms Credit Ratings of CVS Health Corporation's Aetna Inc. Subsidiaries
Health and Aetna Insurance Company (Allina Health) (St. Louis Park, MN). Allina Health is a joint venture subsidiary of Aetna. AM Best also has affirmed the FSR of A (Excellent) ...
Source: BestWire   Date: June 5, 2026
Judge Approves $250 Million Omnicare Sale Amid Bankruptcy Proceedings
Omnicare said in a statement announcing the transaction. The transaction is anticipated to close later this year pending regulatory approval and customary closing conditions, ...
Source: BestWire   Date: May 18, 2026
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CVS First-Quarter Net Income Up on Government Business Performance, Prior-Year Developments
Affordable Care Act offerings. CVS said it was exiting the individual ACA market during 2025's first quarter due to consistent underperformance and a desire to reallocate resources ...
Source: BestWire   Date: May 6, 2026
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Connecticut Regulator Taking Enforcement Action Over Mental Health Parity Law Violations
Hershman said in a statement. "We will continue to use data and enforcement to ensure that consumers have fair access to the behavioral health care they need." Deficiencies ...
Source: BestWire   Date: April 23, 2026
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Major Health Insurers Must Face Repricing Antitrust Lawsuit, Federal Court Rules
Cigna Group, Elevance Health Inc., Humana Inc. and UnitedHealth Group Inc., according to the order from the United States District Court for the District of Massachusetts. The ...
Source: BestWire   Date: April 1, 2026
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Aetna Reaches $117.7 Million False Claims Act Settlement
United States Department of Justice said. The government said Aetna submitted the inaccurate diagnosis data to the Centers for Medicare and Medicaid Services in order to inflate ...
Source: BestWire   Date: March 11, 2026
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Health Insurers Feel Pressure From Shifts in Government Businesses
Chief Financial Officer Mark Keim. "That'll be much bigger than in past years, just given the price dynamics in the market," Keim said during an earnings call. These reductions ...
Source: BestWire   Date: February 20, 2026
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US House Judiciary Committee Subpoenas Health Insurers for ACA Fraud Protection Documents
Care Act marketplace. The committee said the alleged ACA fraud was primarily found in unreconciled tax credits and the use of tens of thousands of Social Security numbers based on ...
Source: BestWire   Date: February 11, 2026
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CVS Fourth-Quarter Net Income Nears $3 Billion on Better Government Program Performance
Inflation Reduction Act, the company said. The Medicare Advantage business also saw improvements from better geographic and product mix as well as a strong star rating. CVS had ...
Source: BestWire   Date: February 10, 2026
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CVS Health Culling 313 Employees From Hartford Operation
Connecticut Department of Labor. Most of the positions were remote employees located outside of Connecticut, with 17 residents being affected by the layoffs. The layoffs will take ...
Source: BestWire   Date: February 6, 2026
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US House to Hear About Costs Drivers, Affordability From Health Insurance Execs
House Ways and Means Committee. The House Committee on Energy and Commerce Subcommittee on Health will host the executives during a morning hearing, while the Ways and Means ...
Source: BestWire   Date: January 13, 2026
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CVS Sees Nearly $4 Billion Third-Quarter Net Loss on Clinic Closure Write-Down
Newman said during a conference call. CVS' membership declined by roughly 445,000, compared with the same period year prior. Newman attributed the drop to declines in Medicare and ...
Source: BestWire   Date: October 29, 2025
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Health Insurers Pulling, Curtailing Medicare Advantage Plans in Vermont, New Hampshire
Hampshire Insurance Department said. Further, several other health insurers have signaled plans to scale back plan offerings and narrow their service areas, the insurance ...
Source: BestWire   Date: October 2, 2025
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US House Investigating CVS Use of Confidential Patient Data in Louisiana Lobbying Campaign
Caremark business, as well as CVS pharmacies, lawmakers wrote. "The HIPAA privacy rule does not include political advocacy or lobbying among the list of uses and disclosures that ...
Source: BestWire   Date: September 5, 2025
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CVS Facing Lawsuit for Supporting Wegovy Over Other GLP-1s
Zepbound in favor of Wegovy, another GLP-1 drug. In July, the company said it would no longer cover Zepbound due to its high cost (BestWire, July 3, 2025). That decision followed a ...
Source: BestWire   Date: September 4, 2025
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Delaware Supreme Court: No Duty to Defend CVS Health in Opioid Litigation
Supreme Court opinion said. The suits CVS was seeking coverage for were filed by two counties in Ohio and seven other lawsuits brought by government agencies, which the court ...
Source: BestWire   Date: August 19, 2025
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CVS Second-Quarter Net Income Dips, but Positive Trends Emerging, Chief Exec Says
Officer David Joyner said. Total second-quarter revenues increased 8.4% compared with the year prior, reaching $98.92 billion, the company said. Each of CVS' three segments ...
Source: BestWire   Date: July 31, 2025
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CVS Says Its Dropping Coverage for Certain GLP-1s With ‘Unsustainably' High Costs
Nordisk to increase access to the GLP-1 Wegovy. The partnership will make the drug available at more affordable prices at 9,000 CVS locations nationwide, Joyner said. As part of ...
Source: BestWire   Date: July 3, 2025
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