Health Care Benefits — Health care costs
CVS Health Health Care Benefits — Health care costs increased by 3.0% to $32.25B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 10.1%, from $29.30B to $32.25B. Over 3 years (FY 2022 to FY 2025), Health Care Benefits — Health care costs shows an upward trend with a 19.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to premiums signals higher medical utilization or rising healthcare prices, potentially compressing margins.
Detailed definition
This represents the total medical expenses incurred by the health insurance segment for providing care to its members, i...
Peer comparison
Standard metric across all health insurance providers, often compared as a percentage of premium revenue.
cvs_segment_health_care_benefits_health_care_costsHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $17.87B | $17.87B | $17.87B | $17.87B | $21.38B | $21.38B | $21.38B | $21.38B | $27.46B | $27.46B | $29.44B | $29.30B | $28.64B | $30.74B | $31.32B | $32.25B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +19.6% | +0.0% | +0.0% | +0.0% | +28.5% | +0.0% | +7.2% | -0.5% | -2.3% | +7.3% | +1.9% | +3.0% |
| YoY Change | — | — | — | — | +19.6% | +19.6% | +19.6% | +19.6% | +28.5% | +28.5% | +37.7% | +37.1% | +4.3% | +12.0% | +6.4% | +10.1% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is CVS Health's health care benefits — health care costs?
- CVS Health (CVS) reported health care benefits — health care costs of $32.25B in Q4 2025.
- How has CVS Health's health care benefits — health care costs changed year-over-year?
- CVS Health's health care benefits — health care costs increased by 10.1% year-over-year, from $29.30B to $32.25B.
- What is the long-term trend for CVS Health's health care benefits — health care costs?
- Over 3 years (2022 to 2025), CVS Health's health care benefits — health care costs has grown at a 19.8% compound annual growth rate (CAGR), from $71.47B to $122.95B.
- What does health care benefits — health care costs mean?
- The total medical claims and care-related expenses paid by the health insurance segment.