CVS To Invest $75 Million In Affordable Housing.

February 11, 2020

Forbes (2/11, Japsen) contributor Bruce Japsen writes, “CVS Health will increase investments in affordable housing to address social determinants of health as insurers intensify strategies to reduce costs and improve outcomes beyond covering traditional medical treatments.” In 2020, CVS “will invest $75 million in affordable housing in several communities on top of $67 million invested in 2019.” Karen Lynch, CVS Health’s executive vice president and president of Aetna said, “Providing affordable housing options to people who are facing significant challenges can be their first step on a path to better health,” and “we work with community organizations to provide access to services such as independent living skills, cooking and nutrition...client centered treatment plans and social support.”

        FierceHealthcare (2/11, Minemyer) reports that in addition to the 2019 investments going to “new permanent supportive housing units,” the investment “also backed the creation of 450 units for seniors, 59 for veterans and their families and 38 dedicated to Native Americans and their families.” The article covers various housing investments made by CVS last year including a low-income community and a “permanent supportive housing facility for individuals with mental health issues.”

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Last modified on 02/12/2020

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