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Insurer-Affiliated PBMs Propel Parent Firms' Revenues in Third Quarter
AISHealth 
Nov. 19, 2020 "Large insurer-affiliated PBMs saw strong results for the third quarter of 2020, in several cases driving revenues for parent companies that are grappling with various disruptive effects of the coronavirus pandemic. At CVS Health Corp., ... total revenues increased 3.5% year over year to $67 billion, and the company posted earnings per share (EPS) of $1.66, beating analysts' estimates.... Evernorth helped to boost Cigna's overall revenues to $40.8 billion ... Revenues for the Evernorth segment were $29.83 billion, a 20% increase year over year." |
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