Budgeting
The company expects its Medicare business to return to growth and for star ratings to recover by 2028.
A non-cash goodwill impairment charge stemming from declining stock prices contributed to the loss.
Evernorth saw adjusted revenues increase 15% compared to the same period in 2024.
Aetna's struggles and a goodwill impairment charge have challenged the company this year.
Just one-third of voters say they trust insurers to look after their best interests.
Optum Health has been hit by an elevated medical cost trend and will be “refocused” on its original mission.
Family premiums are up $1,408 from last year, similar to the 7% increase recorded in each of the previous two years.
The new estimate is $3.7 billion higher than the agency's previous projections, CBO says.
The layoff announcement comes after the health system posted close to a $200M operating loss.
Revenues have also increased 12.4% over that time, hitting $50.7 billion in the quarter.