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Stock impact report

Aetna's US$117.7m Settlement Puts CVS Health Compliance In Focus [Yahoo! Finance]

CVS Health Corporation (CVS) 
Last cvs health corporation earnings: 2/12 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.cvshealth.com
Company Research Source: Yahoo! Finance
Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Aetna, a CVS Health subsidiary, has agreed to pay a $117.7 million settlement to the Department of Justice. The settlement addresses allegations that Aetna submitted inaccurate diagnosis codes for Medicare Advantage members to increase reimbursements. The agreement resolves longstanding False Claims Act allegations related to payments from the Medicare Advantage program. For you as an investor looking at CVS Health (NYSE:CVS), this is a sizable legal development tied directly to its government-facing insurance operations. The company's shares most recently closed at $76.07, with a return of 20.1% over the past year and 20.3% over the past five years, while year-to-date performance stands at a 5.1% decline. In that context, a settlement of $117.7 million is material and provides additional perspective on legal and compliance risk around Show less Read more
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