Teladoc beats Wall Street expectations in Q2 amid strategic revamp
Still, the virtual care giant reported revenue and earnings decline at BetterHelp, Teladoc’s direct-to-consumer mental health segment that has faced challenges for several quarters.
CVS hikes adjusted earnings guidance as Aetna performance improves
The company raised its outlook as many insurers are struggling with elevated medical costs in the second quarter.
Trump administration launches health data sharing initiative
More than 60 companies, including Amazon, Google, UnitedHealth and Epic, have pledged to participate in the initiative, which the CMS said would “deliver results” early next year.
PBM markets lack competition, new paper finds
The American Medical Association’s research, which found that local PBM markets are highly concentrated, is more fuel for critics of the powerful drug middlemen.
UHS posts softer-than-expected volumes for second consecutive quarter
In light of the results, executives backed away from prior behavioral health growth targets for 2025, though they slightly raised the midpoint of overall revenue guidance.
Humana hikes 2025 guidance on medical cost control, pharmacy growth
The Kentucky-based company’s results are a bright spot in what’s otherwise been a gloomy quarter for health insurers. Humana says it has a handle on snowballing medical costs after taking a conservative stance heading into the year.
Medicare Part D premiums likely to increase next year
The average monthly bid submitted by insurers for 2026 prescription drug plans increased 33% from last year, according to data released by the CMS.
Vinay Prasad, controversial FDA official, abruptly departs agency
Prasad’s exit ends a tumultuous tenure during which he led a reworking of agency guidelines on COVID vaccines and his office got embroiled in controversy over a Duchenne gene therapy.
Elevance names former Cencora CEO to board
Steve Collis’ three decades of experience at a major drug distributor could prove helpful for Elevance as it continues to build out its pharmacy services.
Judge halts Arkansas law forcing PBMs to sell pharmacies
U.S. District Judge Brian Miller agreed with pharmacy benefit managers that the state’s law may violate the Constitution in granting their request for a preliminary injunction.