CVS Health Care is reporting revenues of nearly 88 and a half billion dollars for the first three months of this year.
That is an increase of 3 point 7 percent compared to the previous year.
CVS Healthcare President and CEO Karen Lynch says,
“The current environment does not diminish our opportunities, enthusiasm, or the long-term earnings power of our company. We are confident we have a pathway to address our near-term Medicare Advantage challenges. We remain committed to our strategy and believe that we have the right assets in place to deliver value to our customers, members, patients, and shareholders.”
Officials say there continues to be a trend toward elevated medical costs for the remainder of this year. Officials say that will put more pressure on cash flow and operations guidance.
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