DOJ gives preliminary approval to CVS merger with Aetna, potentially changing how consumers access health care
#TIA – The implications of this development go beyond our ability to estimate. But they are at least game-changing and potential horrific.
The two companies cleared their path to merge when Aetna announced Sept. 27 that it reached an agreement to sell its Medicare Part D drug plan business to WellCare Health Plans for an undisclosed amount. Regulators were concerned about the overlap between CVS’ and Aetna’s Medicare Part D plans. The Justice Department said that the divestiture was a condition to winning final approval.”
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