The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← CVS Health / Aetna

Capital · out

outflows — medical + pharmacy cost of goods dominate; then ~$3.4B dividends, ~$0.4B M&A, minimal (~$0.16B) buybacks, plus debt service on ~$78-80B

high confidence · as of 2026-07-26 · about CVS Health / Aetna

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the working

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A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to CVS Health / Aetna.