CVS agrees to buy Aetna in $69 billion deal

Source: Carolyn Y. Johnson, Washington Post (Paid Registration)

Pharmacy giant CVS Health has agreed to buy Aetna in a $69 billion blockbuster acquisition that could rein in health care costs and transform its 9,700 pharmacy storefronts into community medical hubs for primary care and basic procedures, the companies announced Sunday afternoon.

David Balto, a former policy director at the Federal Trade Commission who led a coalition opposing the insurance mergers, said that he thought the merger would reduce competition and harm consumers.

Read Full Article: CVS agrees to buy Aetna in $69 billion deal




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