CVS Health Drives $474 Billion Economic Impact, Supports 1.3 Million U.S. Jobs
CVS Health has released its first National Economic Impact Report, highlighting its substantial contribution to the U.S. economy. The company generates $474 billion annually and supports 1.3 million jobs nationwide, underscoring its role as a significant economic driver across all 50 states and Washington, D.C. CVS Health's operations also contribute $58.6 billion in taxes, funding essential public services such as education, emergency services, and infrastructure development. The report emphasizes CVS Health's widespread accessibility, with nearly 85% of Americans living within 10 miles of a CVS Pharmacy. The company serves 185 million individuals, enhancing healthcare access in diverse communities, including urban, suburban, and rural areas. This broad footprint reflects CVS Health's commitment to delivering integrated health services through its retail locations, walk-in clinics, and pharmacy benefits management. Aetna, a CVS Health business, plays a crucial role by providing health insurance products and services to approximately 37 million people. Its offerings span traditional and consumer-directed health plans, including medical, pharmacy, dental, behavioral health, Medicaid management, and workers' compensation services, emphasizing comprehensive care management and health information technology. CVS Health's integrated business model combines personalized, technology-driven services to improve healthcare outcomes while lowering costs. With around 9,000 retail pharmacies and over 1,000 medical clinics, CVS Health aims to simplify healthcare delivery and improve patient experiences nationwide. The National Economic Impact Report also includes state-specific data and community insights, illustrating CVS Health’s expansive influence and ongoing commitment to strengthening healthcare systems and economic vitality in communities across the country.