The combination would create a giant with a hand in insurance, prescription-drug benefits and drugstores across the United States. By gathering those businesses under one roof, the companies are betting they'll be better-positioned to face changing consumer habits and the emergence of new rivals.
Clearance to proceed with the Aetna acquisition follows an agreement reached between CVS and the Department of Justice. "This type of consolidation in a market already dominated by a few powerful players presents the very real possibility of reduced competition that harms consumer choice and quality".
The Aetna acquisition is among the most significant health-care mergers of the past decade, combining one of the top US drugstore chains with the third-biggest health insurer. "Along with its thousands of retail pharmacies, CVS manages drug-benefits plans for employers and insurers", write Bloomberg's David McLaughlin and Robert Langreth. The move will make the new business one of the largest drugstore chains in the U.S., including a major segment in delivering key health plans to consumers across its pharmacy benefit arm. It could also help steer Aetna customers into stores to shop.
In order to approve the merger, the DOJ required Aetna to sell off its Medicare Part D business, worth $2.2 million, as CVS already has its own Part D business under its "SilverScript" brand.
Additionally, the DOJ has informed Aetna that it must enable WellCare to hire employees who are employed by this division. The merger still requires regulatory approval from some states, but the companies say the deal remains on track to close in the early part of the fourth quarter. "Together, we will help address the challenges our health care system is facing, and we'll be able to offer better care and convenience at a lower cost for patients and payors".
"Driving that new approach to care will be the enormous amounts of data generated not only by CVS's 9,800 retail outlets and 1,100 MinuteClinics but also from Aetna's 22 million medical members". Last year, UnitedHealth Group, yet another leading insurance provider, announced plans to buy a large physician group, DaVita's primary and urgent care services, for $4.9 billion.
As a result of poorly fitting saddles and having to carry heavy loads, many donkeys ended up with spinal injuries and cuts. More than 1000 cruise ship passengers visit Santorini each day in the high season between May and October.
Zika Virus Testing Market research is provided on market opportunities, drivers, trends, challenges, size and share, key players. Infection with Zika virus is also associated with other complications of pregnancy including preterm birth and miscarriage.
In 2017, the famed German brand formed another joint venture with Great Wall Auto to produce electric BMW Mini vehicles. But if the move is a big win for BMW , it spells a diminished role for its Hong Kong-listed partner.
I had no choice! The post was shared more than 8,000 times as of Friday morning. "It was running my customers off". Employees at the store said Thursday that she had not been to work since the incident allegedly happened.
The astronauts were to dock at the space station six hours later and join an American, a Russian and a German on board. Flight controllers kept the three space station residents abreast of the situation after Thursday's aborted launch.
Simpson said she went into shock and her whole body felt numb when paramedics arrived, the Australian news site reported. A mother and her baby were left badly bruised after a violent hailstorm in Queensland, Australia .
With such an approach the Samsung foldable smartphone will be able to deliver on a screen size larger than 6.5-inches. The South Korea-based company released a teaser of a phone with bendable and foldable display technology. .
The offending actions included spamming Facebook groups with identical pieces of content and using phony profiles, Facebook said . The social media giant declined a request from VOA News to name the 559 pages and 251 accounts.
Then he made a discovery - the universe and all of its surrounding space and the universe have their clear boundaries and limits. The greatest physicist and cosmologist of our time, Stephen Hawking died at 77 year of life March 14, 2018.
The Princess of York is a long-time fan of the designers who she met while co-hosting an event in support of women artists. Eugenie and Jack sealed their marriage with a kiss in a stunning Royal Wedding rocked by some almighty stormy weather.
OPEC slashes growth forecast for global oil demand
OPEC said Thursday that the oil market was "well supplied", and downgraded its global demand forecast . However, Gulf production cuts have been less of an impact on supplies with the rise of US shale oil.
Holy Cow, Iron Fist Has Been Cancelled by Netflix
In a joint statement, obtained by Variety , the streaming giant and Marvel Television confirmed that the show is ending. It always felt like Iron Fist , Jessica Jones , Luke Cage , and Daredevil were kind of a package deal.
Federer taken to 3 in another Shanghai struggle
The Italian battled his way past Hyeon Chung on Wednesday, coming from a set down to win 4-6 7-6 (7-5) 7-6 (7-5). There wasn't much Gasquet could have done as Del Potro just brought his A game when it mattered the most.
Thierry Henry signs three-year deal to coach Monaco
He will be joined by Joao Carlos Valado Tralhao, U23 coach of Benfica, and Patrick Kwame Ampadu, coach at the Arsenal Academy. Thierry Henry has been appointed as the new Monaco head coach, replacing Leonardo Jardim, who was sacked earlier this week.
Maple Leafs vs. Red Wings - Game Recap
Stars: Conclude their season-opening four-game homestand against Anaheim on Saturday. It doesn't really matter who does the scoring as long as you find a way to win.