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 Department of Justice gave preliminary approval Wednesday for CVS Health‘s acquisition of insurer Aetna, cementing a deal that could transform how U.S. consumers access health care.

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.”

Read more at CNBC