Sunday, December 3, 2017

CVS to Buy Aetna for $69 Billion in a Deal that May Reshape the Health Industry


https://www.nytimes.com/2017/12/03/business/dealbook/cvs-is-said-to-agree-to-buy-aetna-reshaping-health-care-industry.html


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CVS Health announced that they had agreed to buy Aetna for approximately $69 billion. This is phenomenal, as Aetna is one of the largest, and affordable health insurers.This is phenomenal in most people's lives, since they both are large providers of service and medical items for the public. The change this unity would bring in the hectic situation of fluctuating medicare policy would be huge.

Some worry that the two giants' integration may limit the choices of the customers, since Aetna insurance users would have to use the CVS services to receive most of the benefits. However CVS Health and Aetna both said they will focus on transforming their clinics and pharmacies into  community based healthcare centers, which lets the customers use their goods and services at a much less cost.

According to what CVS and Aetna is indicating, the change they are intending to make seems to be very positive for the majority of the people in the US, since healthcare is getting more expensive. Healthcare, also is one of the components that take up a significant portion of the GDP. I hope this coalition of two large companies that work on health brings beneficial deals for the public. Their goal fits the purpose of healthcare, which is to help and cure whoever is sick, regardless of how rich or poor you are. I think America needs such changes right now. The current policies are not very much in favor of medical, education and foreign entities. I hope these two companies bring health care closer to the citizens. not further away from them.

2 comments:

  1. The concern with this kind of development could be that more healthcare firms merge--and that reduces competition. The more healthcare providers the better--the competition could keep prices lower.

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  2. I hope this unity will benefit citizens in the end as Kyul said. But I still have concern when there is a monopoly in one industry which will cause negative consequence to customers(no choice, expensive, decrease in quality). Time will tell us

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