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‘Purely profit-driven’: Aetna files lawsuit accusing Jacksonville radiology group of $20 million fraud scheme
Read full article: ‘Purely profit-driven’: Aetna files lawsuit accusing Jacksonville radiology group of $20 million fraud schemeHealthcare giant Aetna has filed a lawsuit in the U.S. District Court for the Middle District of Florida accusing Radiology Partners, Inc. and its affiliate, Mori, Bean & Brooks (MBB), of orchestrating a large-scale healthcare fraud scheme that allegedly cost the company and its plan sponsors tens of millions of dollars.
2 Jacksonville Aetna healthcare employees arrested for falsifying claims, leading to $1.14 million in fraud
Read full article: 2 Jacksonville Aetna healthcare employees arrested for falsifying claims, leading to $1.14 million in fraudThe Chief Financial Officer announced the arrest of two individuals living in Duval County for submitting 84 false insurance claims, resulting in a total of 1.14 million collected.
Aetna agrees to settle lawsuit over fertility coverage for LGBTQ+ customers
Read full article: Aetna agrees to settle lawsuit over fertility coverage for LGBTQ+ customersThe health insurer Aetna has agreed to settle a lawsuit over whether its fertility treatment coverage discriminates against LGBTQ+ patients.
CVS Health turns in better-than-expected 2Q even as pharmacy pricing, increased care use hurt
Read full article: CVS Health turns in better-than-expected 2Q even as pharmacy pricing, increased care use hurtCVS Health topped second-quarter expectations, but the health care giant’s profit sank as pricing pressure hurt its drugstore business and rising medical costs hit the health insurance side.
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CVS posts strong Q4 numbers, but pandemic weighs on results
Read full article: CVS posts strong Q4 numbers, but pandemic weighs on resultsCVS Health Corporation (CVS) on Tuesday, Feb. 16 reported a fourth-quarter net income of $973 million. The company's health insurance business also has started adding claims for COVID-19 treatments. CVS Health earned $973 million in the final quarter of 2020, with results adjusted for one-time gains and costs totaling $1.30 per share. CVS Health operates one of the nation’s largest drugstore chains with nearly 10,000 retail locations. AdShares of CVS Health Corp. slipped 4% to $71.24 while broader markets rose slightly Tuesday.
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CVS Health picks Lynch to lead as CEO starting in February
Read full article: CVS Health picks Lynch to lead as CEO starting in FebruaryCVS Health shares jumped higher than broader indexes. More recently, CVS health has started opening stores it calls “HealthHubs” that have dietitians and are geared toward helping customers monitor chronic conditions like diabetes and stay on top of their health. She came to CVS Health when Aetna was acquired and served as an executive with another insurer, Cigna, before that. CVS Health will become the largest company in that group, topping General Motors, which is led by Mary Barra. CVS Health Corp., based in Woonsocket, Rhode Island, runs one of the nation’s largest drugstore chains with about 9,900 retail locations.