Reported about 18 hours ago
CVS Health has announced reductions in employee bonuses stemming from low profit levels in 2024. This decision is influenced by rising costs in their Medicare plans, a surge in medical service usage, and an increase in members enrolled in their Medicaid plans. Following pressure from investors to boost their share price, CVS recently appointed David Joyner as CEO and is implementing cost-cutting strategies, with early indications of improved financial performance in the fourth quarter.
Source: YAHOO