Cvs Health Corp Stock Price, News & Analysis

Aetna and CVS Health (NYSE: CVS) are launching a hybrid-branded insurance product in North Carolina, targeting the individual insurance exchange marketplace. This initiative aims to provide affordable healthcare access to uninsured and underinsured residents. The plan includes features like low-cost visits at MinuteClinic locations, Care Concierge services at CVS HealthHUBs, discounts on CVS Health Brand products, and simplified member experiences through digital platforms. The offering is part of a broader expansion into various states, pending regulatory approval.

CVS Health and Aetna are launching a hybrid-branded insurance product in Nevada's individual insurance exchange market, targeting areas in Las Vegas and Reno, effective January 1, 2022. This initiative aims to increase healthcare access for uninsured or underinsured individuals. The plan includes low-cost clinic visits, telemedicine services, and unique offerings at CVS locations. With a focus on simplifying healthcare and improving consumer experience, CVS Health is also entering the individual exchange in several other states, pending final approvals.

CVS Health (NYSE: CVS) will raise its minimum enterprise hourly wage to $15 starting July 2022, marking a over 60% increase since 2018. The change affects approximately 35% of hourly employees, as 65% already earn more than $15. This initiative aims to enhance employee retention and attract talent, aligning with CVS’s commitment to workforce development. Additional increases for certain roles will be implemented, and hiring barriers such as high school diploma requirements are being removed to improve job accessibility.

CVS Health Corporation (NYSE: CVS) reported strong second-quarter results for 2021, with total revenues reaching $72.6 billion, an increase of 11.1% year-over-year. GAAP diluted EPS was $2.10 and adjusted EPS was $2.42. Year-to-date revenues also saw a rise, totaling $141.7 billion, marking a 7.3% increase. The company has raised its full-year GAAP diluted EPS guidance to $6.35 to $6.45 and adjusted EPS guidance to $7.70 to $7.80. Operational highlights included significant growth in pharmacy claims and COVID-19 vaccinations.

CVS Health Corporation (CVS) will host a conference call on August 4, 2021, at 8:00 a.m. ET to discuss its second-quarter financial results for 2021. The call will be accessible via an audio webcast on the CVS Health Investor Relations website.

This event aims to provide insights into CVS's performance and future outlook in a changing healthcare landscape, reflecting its commitment to accessibility and affordability in health services.

CVS Health has launched MinuteClinic Video Visits in Nevada, extending its telehealth services available 24/7 in 49 states and Washington, DC. This service allows patients to receive non-emergency health care via video calls, offering COVID-19 screenings and treatment for minor illnesses and injuries. Each session costs $59 and is designed for those without insurance, while most Aetna plans cover it. The service uses technology from Teladoc, connecting patients with board-certified providers licensed in their state for quality, evidence-based care.

CVS Health Corporation (NYSE: CVS) has declared a quarterly dividend of $0.50 per share on its Common Stock. This dividend will be paid on August 2, 2021, to stockholders on record as of July 23, 2021. CVS Health emphasizes its commitment to enhancing healthcare accessibility and affordability through innovative services and community presence, all aimed at improving overall health outcomes.

On June 29, 2021, U.S. News & World Report, in partnership with the Aetna Foundation, published its fourth annual Healthiest Communities rankings. The top five communities, led by Los Alamos County, New Mexico, excelled in metrics such as housing, population health, and infrastructure. The rankings include insights into COVID-19 vaccine rates and discuss equity issues affecting health outcomes. The initiative is part of a $100 million commitment by CVS Health to enhance community health.

CVS Pharmacy announced a major update to its ExtraCare Rewards program, transitioning to a 2% back rewards system delivered immediately after transactions instead of quarterly. Starting July, members will see rewards in the CVS App and on receipts, enhancing user experience. Additionally, the program introduces a birthday benefit for its 74 million members, offering $3 in ExtraBucks Rewards. Enhanced app functionality allows users to track rewards conveniently. Special freebies will be available through the app throughout late June and July, celebrating these changes.