CVS is getting pummeled by the very strategy it once planned its future on

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CVS Health on Wednes­day re­port­ed that it’s been hit hard by high­er med­ical costs. It led the com­pa­ny to slash its full-year prof­it out­look.

First-quar­ter rev­enue and ad­just­ed earn­ings al­so fell short of Wall Street ex­pec­ta­tions, and shares $CVS of the health­care gi­ant plum­met­ed by about 17% on Wednes­day, its biggest drop in 15 years.

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