CVS Health (CVS) stock is down as its insurance unit Aetna to pay $117.7M to settle DOJ's Medicare Advantage fraud allegations over diagnosis codes. Read more here.

The settlement announced by the Department of Justice on Wednesday comes after federal regulators accused Aetna of submitting inaccurate data to the CMS.

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Last summer, the Trump administration announced a voluntary pledge by health insurers to reform prior authorization, but patient advocates and medical providers remain skeptical.

NEW YORK, March 11 (Reuters) - Aetna, ⁠a ⁠unit of CVS Health, agreed ⁠to pay $117.7 million to resolve U.S. government charges it defrauded ​Medicare by knowingly submitting inaccurate diagnosis codes ...

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Q4 2025 Earnings Call March 11, 2026 5:00 PM EDTCompany ParticipantsNicholas Zangler - Vice President of Investor ...