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cvs outlines recovery plan for aetna amid financial challenges
CVS refrained from providing guidance for 2024 amid challenges at Aetna, particularly in Medicare Advantage, where poor star ratings and high medical costs have pressured the insurer. CEO David Joyner emphasized a commitment to long-term recovery, supported by leadership changes, including the appointment of former UnitedHealthcare CEO Steve Nelson. While CVS anticipates a transition year in 2025, it remains focused on addressing underlying issues to improve Aetna's performance.
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