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We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Business Company Profiles. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. The increase in operating income in both periods also was driven by lower amortization expense in the three months and year ended December 31, See the supplemental information on page 19 for additional information regarding the performance of the Pharmacy Services segment.
Total revenues increased 6. Front store revenues decreased 1. Front store revenues increased 1. Total prescription volume grew 2. The increase was partially offset by reduced new therapy prescriptions, including lower seasonal flu prescriptions, as a result of the COVID pandemic as well as decreased long-term care prescription volume.
Operating income and adjusted operating income decreased 2. The decrease in operating income and adjusted operating income in both periods was primarily due to continued reimbursement pressure and the net impact of the COVID pandemic, partially offset by the increased pharmacy volume described above and improved generic drug purchasing.
Total revenues increased The COVID pandemic resulted in reduced benefit costs due to the deferral of elective procedures and other discretionary utilization, partially offset by COVID related investments, testing and treatment costs. The receipt of the ACA risk corridor payment reduced our MBR by and 40 basis points during the three months and year ended December 31, , respectively. Medical membership as of December 31, of See the supplemental information on page 21 for additional information regarding the performance of the Health Care Benefits segment.
The Company has focused its resources on the wellbeing and safety of employees, consumers and the communities it serves. The following are key actions taken to date:. Providing regular supply of personal protective equipment and adding safety features to retail stores. Provided enhanced benefits, including bonuses to frontline employees, dependent care, paid sick leave for part-time employees and paid time off to employees who test positive or are quarantined due to exposure.
Hired over 15, clinicians and pharmacy technicians in the fourth quarter as part of our readiness investments. Extended waivers for out-of-pocket costs for inpatient hospital admissions for treatment or health complications associated with COVID for Commercial members through January 31, and Medicare Advantage members through March 31, Extended waivers for cost-sharing for in-network telemedicine visits by Commercial members for outpatient behavioral and mental health counseling services through January 31, Extended waivers for Individual Medicare Advantage member out-of-pocket costs for all in-network primary care visits and outpatient behavioral health counseling telehealth services through the end of the public health emergency.
Extended waivers for cost-sharing for covered in-network telemedicine visits for medical and behavioral health services for Aetna Student Health plan members through January 31, Extended maintenance prescriptions and waived early refill limits to support medication adherence. Launched Return Ready, a comprehensive configurable and integrated end-to-end COVID testing solution to assist employers and universities with the return of their employees, students and staff.
Waived advance approvals, streamlined credentialing process, relaxed telemedicine policies and removed prior authorization requirements. Offering flexible plan designs to help reduce financial burdens. Sign up for our newsletter Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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