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Will CVS-Aetna Merger Mean Cheaper Health Care?

By Margaret Farley Steele

MONDAY, Dec. 4, 2017 (HealthDay News) -- U.S. consumers stand to benefit from CVS Health's planned purchase of insurance giant Aetna, executives from the two corporations say.

Other health care industry observers aren't so sure.

The $69 billion deal was announced Sunday.

Merging CVS, which has 10,000 retail clinics and pharmacies, with Aetna means more health services will likely move out of doctors' offices to store-based providers across the nation.

Pharmacies already provide vaccinations and blood pressure checks. Now, they could offer one-stop shopping for insurance and certain diagnostic services.

On-site lab work and diabetes counseling are two other possibilities, said Larry Merlo, CVS Health president and CEO.

Customers should also expect lower prices, Merlo said.

"We know we can make health care more affordable and less expensive," Merlo told The New York Times. "We think of it as creating a new front door to health care in America."

But others aren't convinced this is a win-win for the general public. Some fear that less competition will drive up drug prices. Others worry that consumers insured by Aetna might be restricted in where they can get health care or fill prescriptions.

Mark Bertolini, Aetna's CEO, said the companies would not raise prices for consumers.

"It doesn't make sense for us to charge people more when we want more people in the store," Bertolini told the Times. "CVS has the draw. People trust their pharmacist," he added.

But some critics predict the merger will run afoul of federal antitrust officials.

David Balto, an antitrust lawyer, told the Times that doctors may be in a better position to treat illness than retail executives.

"Who do you want to run the health care system?" he said.

Others, however, say there is no conflict since CVS and Aetna aren't in the same line of business.

The mammoth sale comes amid a rocky period in the U.S. health care landscape. Provisions of the Affordable Care Act remain in jeopardy, and potential tax cuts debated in Congress could affect out-of-pocket spending on insurance, drugs and medical care.

More information

The U.S. Centers for Disease Control and Prevention can help you prepare for a doctor's visit.

SOURCE: The New York Times, Dec. 4, 2017

Copyright © 2017 HealthDay. All rights reserved. URL:http://consumer.healthday.com/Article.asp?AID=729074

Resources from HONselect: HONselect is the HON's medical search engine. It retrieves scientific articles, images, conferences and web sites on the selected subject.
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Disclaimer: The text presented on this page is not a substitute for professional medical advice. It is for your information only and may not represent your true individual medical situation. Do not hesitate to consult your healthcare provider if you have any questions or concerns. Do not use this information to diagnose or treat a health problem or disease without consulting a qualified healthcare professional.
Be advised that HealthDay articles are derived from various sources and may not reflect your own country regulations. The Health On the Net Foundation does not endorse opinions, products, or services that may appear in HealthDay articles.


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