Healthy Returns: Higher medical costs are pinching insurers
Publishing timestamp: 2024-02-13 19:32:53
Summary
Health insurers are facing higher medical costs as older patients return to hospitals for delayed procedures. CVS and Humana have both issued warnings about potential profit impacts. 23andMe is considering splitting its consumer and therapeutics businesses, while Amazon has cut roles in its health-care units as part of cost-cutting efforts.
Sentiment: MIXED
Tickers: HUM?__SOURCE=NEWSLETTER%7CHEALTHYRETURNS, CVS?__SOURCE=NEWSLETTER%7CHEALTHYRETURNS, ELV?__SOURCE=NEWSLETTER%7CHEALTHYRETURNS, UNH?__SOURCE=NEWSLETTER%7CHEALTHYRETURNS,
Keywords: social issues, biotech and pharmaceuticals, earnings, labor economy, business news, health care industry,