CVS CEO Karen Lynch announced she will take direct ownership of the company's Aetna insurance business after its financial performance missed expectations in the most recent quarter. Lynch said the Aetna business has faced challenges this year, along with the broader health insurance industry, as patients returned to hospitals for procedures postponed during the pandemic. CVS cut its full-year guidance for the third consecutive quarter due to Aetna's underperformance. Lynch sees opportunities to improve Aetna's financial results and said CVS is well-positioned for growth through 2025 despite current headwinds.
