CVS Health Exec Says Saw An Uptick In Q4 Costs Related To Seasonal Immunizations, Including The Newly Launched Rsv Vaccine; Taking Cautious Stance On 2024 Outlook For Medicare Advantage Utilization Until Co Has Clarity Of Industry-Wide Trends
Portfolio Pulse from Benzinga Newsdesk
During a conference call, a CVS Health executive mentioned an increase in Q4 costs due to seasonal immunizations, including expenses for the newly launched RSV vaccine. The company is adopting a cautious stance on the 2024 outlook for Medicare Advantage utilization, pending clarity on industry-wide trends.
February 07, 2024 | 1:18 pm
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CVS Health experienced increased Q4 costs due to seasonal immunizations, notably the RSV vaccine, and is cautious about 2024 Medicare Advantage utilization.
The reported increase in costs for CVS Health due to seasonal immunizations, including the RSV vaccine, could pressure the company's short-term profitability. Additionally, the cautious stance on the 2024 outlook for Medicare Advantage utilization suggests uncertainty about future revenue streams from this segment. Both factors are likely to influence investor sentiment negatively in the short term.
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