CVS slashes profit guidance, will cut $2 billion in expenses as insurance costs climb

CVS said higher medical costs are weighing on its insurance business, and announced Aetna President Brian Kane will step down.

Aug 8, 2024 - 05:00
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CVS slashes profit guidance, will cut $2 billion in expenses as insurance costs climb
CVS said higher medical costs are weighing on its insurance business, and announced Aetna President Brian Kane will step down.