CVS Health's Aetna Insurance Waives Cost-Sharing and Co-Pays for COVID-19 Treatments
Aetna, which is now owned by CVS Health (NYSE: CVS), is waiving cost-sharing and co-pays for members who are admitted to the hospital for treatment of COVID-19 or health complications associated with it. However, they will have to go to in-network facilities to get that benefit.
Earlier this month, Aetna waived co-pays for COVID-19 tests and for those using telemedicine services for any reason. CVS Health didn't give an estimate of how much it expects those waivers will cost the company. CVS Health was trading up by 5% at 1:38 p.m. EDT on Wednesday, while the S&P 500 was up 4.4%.
"We are doing everything we can to make sure our members have simple and affordable access to the treatment they need as we face the pandemic together," Karen S. Lynch, president of the Aetna business unit and an executive vice president at CVS Health, said in a statement.
Source Fool.com
