
CVS Health generates overâŊUS$474âŊbillion economic impact in 2024 across the United States
âĒBy ADMIN
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CVS Health has unveiled its firstâever National Economic Impact Report, highlighting a massive contribution of US$474âŊbillion to the U.S. economy in 2024 â and support for about 1.3âŊmillion jobs nationwide.
The report shows that CVS Healthâs footprint extends across all 50 states and Washington, D.C., with around 9,000 retail pharmacies and over 1,000 walkâin and primaryâcare medical clinics. This network, plus the companyâs operations, generated US$58.6âŊbillion in combined federal, state, and local tax revenue â funding schools, emergency services, and critical infrastructure.
Beyond direct employment (300,000+ employees), the economic impact also includes jobs and income supported indirectly and through induced demand from household spending and supplyâchain activity. CVS Health also invested US$239âŊmillion in community initiatives and logged 84,000+ volunteer hours in 2024.
According to CEO David Joyner, the company aims to be âAmericaâs most trusted health care company,â focusing on simplifying care and strengthening communities â not just through its stores, but by helping fund vital public services and supporting jobs across the country.
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