CLAIM #18626 · CVS Health Corp (CVS) · 2025Q4 earnings call · Feb 10, 2026 · due Dec 31, 2026
“So this business is going to advance towards its recovery to target margin in 2026.”
Steve Nelson · Executive
How to check this claim
Look at: Medicare business operating margin (as reported segment margin) relative to company-stated target margin
It came true if: Reported 2026 Medicare segment margin shows measurable advancement toward the stated target margin range versus 2025 (i.e., margin gap to target narrows year-over-year)
Where: Company segment reporting / 10-K and earnings call commentary on Medicare margin progress
In context
“ully, a final rate notice that is more in line with the trends that we're seeing. And we -- it's so important to the seniors that we serve to have access to these benefits and great health care that they need and deserve. So having said that, just a couple of points to build on David's about how we think about our Medicare business. We spent the last 1.5 years or so, laying down this really strong foundation for the business, and we're going to continue to build on it. So second straight successful year of executing both on bids and the AEP. We're exiting AEP, this recent AEP in line with what we signaled during our Investor Day with modest contraction, but very much strengthening the business with a better geographic and product mix. We also continue to maintain a leading Stars position. So this business is going to advance towards its recovery to target margin in 2026. In addition to that, we talked about our group Medicare Advantage business and that we had 50% of our block up for renewal in 2026, and we've executed on those rate renewals in a very positive way, and we'll continue to do that. So this business returns to target margin as well. It's an important part of our business for our enterprise. So all in all, great progress, and we're going to continue to build on that momentum. So specifically about 2027, the strategy, I'll just -- David said it, but I'll say it again, it remains unchanged. We are going to build on the momentum in 2026 and continue to drive the Medicare business back to target margins. We take a leading Stars position into 2027. That will be very helpful. And so notwithstanding the advanced rate notice, we think this, our busine”
Verify independently
SEC filings for CVS ↗ · Claim quote is verbatim from the 2025Q4 earnings call.