Business Intelligence
CFO John Rex is being replaced by former Anthem CFO Wayne DeVeydt.
Meanwhile, chain drug stores have seen their overall satisfaction scores steadily dip.
Aetna saw its medical benefits ratio increase months after CVS announced it would exit the ACA individual market due to struggling performance.
Cigna says it’s also “leaning in” to an arrangement with the government to reduce prior authorization.
The company updated full-year revenue expectations to at least $128 billion, a $2 billion increase over its prior projection.
Judge finds the law favors locally operated pharmacies, a violation of the Constitution's Commerce Clause.
While revenue is up, profit was just $3.4 billion in the quarter, while Optum was $6.6 billion below earnings expectations.
UHG says it’s confident in its business practices and has begun complying with formal civil and criminal DOJ requests.
Shares of the company lost about 10% in early premarket trading on Friday, with Centene citing higher marketplace costs.
A stronger in-house data structure may be a factor into Pharma's prioritization of AI.