SoylentNews is people
SoylentNews
CVS, one of the largest pharmacies in the U.S., has made an offer to acquire the health insurer Aetna Inc.:
U.S. pharmacy operator CVS Health Corp has made an offer to acquire No. 3 U.S. health insurer Aetna Inc for more than $200 per share, or over $66 billion, people familiar with the matter said on Thursday. A deal would merge one of the nation's largest pharmacy benefits managers and pharmacy operators with one of its oldest health insurers, whose far-reaching business ranges from employer healthcare to government plans nationwide.
[...] A tie-up with Aetna could give CVS more leverage in its price negotiations with drug makers. But it would also subject it to more antitrust scrutiny. The deal could also help counter pressure on CVS's stock following speculation that Amazon.com Inc is preparing to enter the drug prescription market, using its vast e-commerce platform to take market share from traditional pharmacies.
[...] The sources did not specify how much of CVS' bid is cash versus stock, but given CVS's and Aetna's market capitalizations of $77 billion and $54 billion, respectively, a substantial stock component is likely in any deal.
- A CVS-Aetna Deal Is Logical But Also a Stretch
- Wall Street Sees a CVS, Aetna Deal as a Revolutionary Defense
Also at NYT.
Related: Judge Finds That Aetna Misled the Public About its Reasons for Quitting Obamacare
$54 Billion Anthem-Cigna Health Insurer Merger Rejected by U.S. Judge
Health Insurer Aetna Accidentally Exposes Customers' HIV Statuses With Transparent Envelope Windows
(Score: 4, Insightful) by c0lo on Saturday October 28 2017, @04:37AM (3 children)
I'm sure there's no conflict of interest, no sir.
They'll never use the knowledge of what medicine someone is prescribed with the insurance premium it charges.
How the U.S. Pays 3 Times More for Drugs [scientificamerican.com]
And why [economist.com]
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 4, Insightful) by realDonaldTrump on Saturday October 28 2017, @05:54AM (2 children)
What you want is called an HMO, a health maintenance organization. Kaiser Permanente is one of the greatest. Of which President Nixon was a big, big supporter. You put your insurance, your doctors, your pharmacy all under one roof. And the less doctoring, the less drugs, the more money you make. Tremendous money machine, very smart! But this isn't an HMO, CVS and Aetna doesn't make an HMO. They need the doctors too. They will need doctors. So look for a hospital chain to make it a threesome. Great time to pick up some hospital stocks! To guess which will be acquired to make it a threesome. And that one will SOAR. Believe me. Good luck. Good luck to everybody.
(Score: 0) by Anonymous Coward on Saturday October 28 2017, @12:54PM (1 child)
Didn't one of the comedians say that HMO stands for "Have Money Or die"?
(Score: 0) by Anonymous Coward on Saturday October 28 2017, @02:17PM
what, now you are saying Trump is a comedian? Tell me something I don't know already...