CVS Health plans to split its drugstores from Aetna insurance and Caremark in 2028, which could reshape how you get care and coverage over time.
CVS Health plans to break itself in two. The company says it will spin off its retail pharmacy business into a new company called CVS Pharmacy in the first half of 2028. Both companies would be publicly traded, meaning anyone can buy their stock.
Today, CVS runs drugstores and also owns a health insurer and a drug benefits business under one roof. The plan would pull the drugstores out on their own. The new CVS Pharmacy would be a separate company with its own stock.
The other company would keep Aetna, the insurance unit, and Caremark, the prescription benefits division. Caremark is the part that handles drug coverage. In plain terms, the insurance and drug coverage side would remain one business, and the stores would go their own way.
Anyone who fills prescriptions at CVS, carries an Aetna plan, or gets drug coverage through Caremark could eventually feel some change. Investors who own CVS stock are also affected, since there would be two public companies instead of one.
The material gives no detail on what changes for customers. It does not say whether store prices, insurance networks or coverage rules will shift. The date is also a plan, not a done deal, and the timing is given only as the first half of 2028.
More details should come as the plan moves forward. Until then, nothing about your pharmacy, health plan or drug coverage has changed.
Nothing changes for your pharmacy or health plan today, but a CVS split is planned for the first half of 2028.
A former Nvidia product manager has started Udu Technologies to let African startups and institutions rent AI computing power instead of buying it.
Read more: Ex-Nvidia engineer starts company to bring AI computing power to AfricaGenRobot AI raised $100 million to record how people work, so robot makers can use those recordings to teach machines home, factory and warehouse tasks.
Read more: Beijing startup raises $100 million to teach robots by watching peopleRecruiters say AI now handles much of the screening work, so employers may start asking what a fee of a share of a new hire's salary actually pays for.
Read more: AI is speeding up hiring and putting recruiter fees under pressure
