CVS Health Q2 profits nearly triple to $2.9B as Aetna cuts costs and boosts revenue.

CVS Health reported a strong second quarter with net income soaring to $2.9 billion, nearly three times the previous year, driven by better cost control in its Aetna health plans. The medical benefits ratio improved to 87.4%, down from 89.9%, reflecting more efficient management of healthcare expenses, especially in government and Medicare Advantage plans. Total revenue rose over 7% to $106 billion, with growth across all segments including health services and healthcare benefits. Following this performance, CVS raised its full-year earnings per share guidance, signaling confidence in continued financial strength under CEO David Joyner's leadership.