Holy healthcare. Antitrust officials gave CVS the go ahead to buy Aetna, the nation’s 3rd-largest health insurance company, in a $69B deal.
The deal could potentially transform the healthcare industry and change the way millions of ‘Mericans receive basic medical services.
What are we talking about here?
The Aetna acquisition is expected to give CVS more leverage in negotiations with drugmakers over drug prices, whiiiich could be goooood?
But, critics of the CVS-Aetna dea worry the merger could lead to higher drug prices for low-end Medicare beneficiaries, and could massively increase insurance premiums and out-of-pocket expenses.