CVS, which owns health insurer Aetna, on Wednesday slashed its full-year profit outlook, citing the potential for higher medical costs to bite into its profits.
Last month, Humana said it saw an even bigger jump in medical costs in the fourth quarter.
Higher medical costs may be a larger problem for Humana than they are for CVS and other insurers.
They added that there is no other part of Humana's business that could meaningfully dampen the hit from higher medical costs on the insurance side.
Another insurance giant that has been seeing higher medical costs, UnitedHealth Group, also has large health-care services and pharmacy operations that diversify its earnings streams.
Persons:
Humana
Organizations:
CVS, Aetna, Medicare, Elevance, Humana, UBS, UnitedHealth