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CVS slashes profit in 2024 as high medical costs hit Aetna

CVS Health’s profits were almost halved in 2024 due to elevated medical costs in its Aetna insurance business. The firm reported net income of $4.6 billion, down from $8.4 billion the previous year, yet showed signs of financial improvement in Q4, surpassing Wall Street expectations. Increased medical spending in Medicare Advantage and Medicaid were attributed to the decline in profits.

Source: www.healthcaredive.com –

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Physician AI Adoption Nearly Doubles

Adoption of artificial intelligence (AI) in healthcare has nearly doubled from 2023 to 2024, according to an American Medical Association (AMA) survey, with 66% of