CVS Health's MBR Improves: Can It Sustain Amid Elevated Cost Trends?
Key Takeaways CVS reported Q1 MBR of 87.3%, up 310 bps year over year, aided by Medicare gains and reserve development. CVS booked a $431M reserve for expected losses related to individual exchange exit, adding 130 bps to MBR. CVS now expects full-year MBR of 91.3%, slightly better than its prior forecast of 91.5%.CVS Health (CVS) , through its Aetna business, uses the medical benefit ratio (MBR) to track the portion of premium revenues it spends on medical benefits for insured members. In the first quart ...