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CVS Health saw its profit drop by 44.2 percent in the fourth quarter of 2020, thanks in part to negative effects related to the COVID-19 pandemic. 

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Most U.S. health systems saw a reduction in elective procedures in the spring of 2020, which resulted in significant reductions in Medicare claims, according to a study from healthcare business consulting firm Avalere.  

Although Molina Healthcare saw its revenue grow by nearly $1 billion year over year, its profit fell in the fourth quarter when compared to the same period one year prior, according to an earnings report released Feb. 10. 

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