Aetna deal may hinge on antitrust approach under Trump
Aetna deal may hinge on antitrust approach under Trump
Outside of Aetna's corporate headquarters in Hartford Conn
07 December, 2017, 19:20
Under the terms of the deal, Aetna would continue to be run by its existing management team and would operate as a standalone business in the combined company.
Health care consolidation has not always benefited consumers, but CVS CEO Larry Merlo told The Wall Street Journal that it wants to lower costs for customers.
The prospects for the deal are uncertain, since mergers involving health insurance companies have recentlyrun into regulatory roadblocks. It's an ambitious one for CVS, a company better known as a quick stop for Tylenol and a Coke.
CVS on Sunday said it planned to buy Aetna for $69 billion. CVS Health Corp.is also one of the nation's biggest pharmacy benefit managers, processing more than a billion prescriptions a year for clients like large employers and insurers including Aetna Inc.
"I wouldn't trust them with my health care".
The company changed its name to CVS Health three years ago and is trying to reposition itself has a health care company rather than just a drugstore.
CVS Health Corp'sCVS.N proposed purchase of Aetna IncAET.N will change the way many major USA corporations buy health coverage for employees and raise new questions over the cost of those benefits, benefit consultants said.
In scale, CVS and Aetna offer a much bigger pharmacy benefits manager than UnitedHealth, which expanded its OptumRx business with the $13 billion purchase of Catamaran in 2015.
Patients also may find the CVS-Aetna combination much more involved in managing their care, especially for those with expensive chronic conditions like diabetes.
The companies are counting on the notion that people will prefer going to a clinic around the corner over making repeated trips to their doctors that might require appointments and waits.
Using its significant retail footprint to deliver health care services also would give CVS a potent weapon in the fight against Amazon's encroachment into the pharmacy space, as the e-commerce behemoth has been reported to be considering.
The deal "would definitely be scrutinized, but ultimately we still see a path for it to get through", Newshel said in an email. The evolution won't happen overnight, but in time, shoppers may find more clinics in CVS stores and more services they can receive through the network of almost 10,000 locations that the company has built. "This is a different angle because the delivery part is focused on pharmacies, not hospitals or doctor's offices", Gellad says.
CVS isn't the only health care giant delving into clinical care.
Who needs to go to the doctor when you can go to your local CVS drug store instead? The deal, she said, "has a vision of repurposing their real estate within stores toward creating a low-priced clinic model". And if CVS and Aetna are allowed to merge, more deals could follow that may drastically change how you get health care services.
"These types of interventions are things that the traditional health care system could be doing, but the traditional health care system lacks the key elements of convenience and coordination that help to engage consumers in their health", Merlo said in the release. The bulked-up company also may gain more negotiating leverage over prescription drug prices, but it's far too early to say how much or whether that benefit will trickle down to customers.
Health insurers meanwhile have sought to cut costs amid steep prescription drug price rises and requirements to care for even the sickest patients under the Affordable Care Act. The Coalition to Protect Patient Choice said that "mergers like these have a dismal history", adding, "consumers suffer by paying more and getting less choice for the vital drugs they need".
The week-long visit aims to promote London and strengthen commercial and cultural ties with Indian and Pakistani cities. The London mayor explained his "London is Open" campaign, saying London remained the best place to study and work.
He further added how he did not get any choice at that time as he said, "And the response was: 'Oh, you don't get a say". So there's some sense of missed opportunity, but when I saw 'Logan , ' I sat there and I did have tears in my eyes.
Due to his growing proximity with Benafsha in the house, Priyank's girlfriend Divya announced her break-up with him in the media. She had made up her mind to confront him about it and said things may have gone beyond redemption for the two of them.
The move has paid off, as Wade is averaging 12.9 points per game on 48 percent shooting since taking on a reserve role October 24. Rose delivered his remarks on the court at Quicken Loans Arena prior to the team's warmups, McMenamin reports.
To allow for additional writing and production time, HBO hinted that Game of Thrones may not return until 2019. Game of Thrones has had a pretty consistent schedule, airing a new season annually, since it premiered in 2011.
He further said, Congress will get the answer for making such a remark against "the son of Gujarat" in the upcoming polls. These are some words or phrases the Congress has used for PM Modi in the past.
Schulz was the President of the European Parliament from 2011 until January 2017, when he returned to domestic politics. It reinforced its refusal to join a new coalition after Merkel's talks with two smaller parties collapsed last month.
Bollywood actor Priyanka Chopra has been voted sexiest Asian woman in the world in an annual United Kingdom poll released here. Meanwhile, Nia, who is elated over seeing her name on the list, took to social media to share the news with her followers.
Worldwide, the number of people with Type 2 diabetes has quadrupled over 35 years, largely due to the growth in obesity. This builds on the work into the underlying cause of the condition, so that we can target management effectively.
In creating it, the authors would like to map significantly different from Arangala - site available in the current version PUBG . The popular battle royale title, PlayerUnknown's Battlegrounds ( PUBG ) is making its console debut on the Xbox One.
Uber Paid Man to Keep Breach Secret
It is widely believed that CEO Travis Kalanick was aware of the breach and bug bounty payment in November of a year ago . Khosrowshahi was hired amid concerns about the practices and ethics of previous members of the senior management team.
Luxury brands can now block sales on Amazon & eBay
Luxury owners have long waged a battle against what they see as free riders cashing in on their exclusivity and branding. Luxury beauty company Coty can stop retailers from selling its products online, Europe's top court has ruled .
Met Office predicts snow for Rotherham
Northwest winds of 55 to 65 are expected to gust 100 to 110 km/h - strongest winds in coastal areas and over high ground. But temperatures are expected to plummet on Thursday with Friday and Saturday bitterly cold, with scattered snow showers.
The Rock Receiving Star on Hollywood Walk Of Fame
Johnson responded by tweeting a heartfelt and grateful message, and then he (jokingly?) added that he'd be providing tequila. Dwayne "The Rock" Johnson is the latest artist slated to receive the highly coveted star at the Hollywood Walk of Fame .