CVS Profits Eclipse $1 Billion As Aetna's Costs Begin To Stabilize
1. CVS reported $1 billion net income in Q2, showing operational improvement. 2. Medical benefit ratio rose slightly to 89.9%, indicating cost management challenges. 3. Adjusted EPS remained stable at $1.81, reflecting strong performance in segments. 4. Total membership decreased by 358,000 in Aetna insurance plans, impacting revenue. 5. Overall revenues increased by 8.4% to $98.9 billion, driven by growth across segments.