CVS Health announced this week that it invested $114 million in affordable housing over the past year, leading to 2,800 affordable housing units built or rehabilitated in 30 cities across 12 states. The investment stems from the company’s Destination Health plan to create programs that address the social determinants of health. This initiative offers yet another example of the growing awareness within the healthcare sector that housing stability is foundational to good health. Other insurers such as Anthem, Centene, Cigna, Humana and UnitedHealth Group, are also moving to prioritize housing.
“We recognize that equitable access to stable and supportive housing serves as one of the greatest barriers to better health for many people,” said CVS President and CEO Karen Lynch. “Through our investments and collaboration with local partners, we’ve been able to provide underserved communities across the country with quality housing, economic support, and educational training opportunities based on the unique needs of the population.”
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