CVS Risks Losing 10% of Medicare Members in Push for Profits

CVS Health Corp. may lose a big chunk of members in its Aetna Medicare Advantage plans next year as the insurer attempts to boost profits in its insurance plans.

The company could see as much as a 10% decline in its Medicare membership, Chief Financial Officer Tom Cowhey said at a conference Tuesday. “It’s entirely possible, and that’s OK because we need to get this business back on track,” Cowhey said.