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CVS pharmacies go out of network for 850,000 Horizon NJ Health Medicaid members after April 30; transfer prescriptions

Shares of diversified healthcare company CVS Health (NYSE:CVS) fell 13.9% in the afternoon session after the Centers for Medicare and Medicaid Services (CMS) proposed a significantly lower-than-expected payment rate increase for Medicare Advantage plans in 2027.

A new report from the House Judiciary Committee alleges that CVS Health may have violated antitrust laws by preventing independent pharmacies from tapping into alternative pharmacy-hub options.

The House Judiciary Committee reports that CVS Caremark may have violated antitrust laws by pressuring independent pharmacies and limiting competition.

Authorities in East Lampeter Township are trying to identify a man wanted in connection with a crash that took place in a Lancaster County CVS parking lot.

As CVS Health has outperformed the broader market over the past year, Wall Street analysts maintain a bullish outlook on the stock’s prospects.