Assessing the Impact of the Aetna-CVS Merger on Employer Benefits

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The Justice Department announced on Oct. 10 its approval of the $69 billion Aetna-CVS Health merger, the latest blockbuster deal between health care companies in recent years, according to the New York Times.

The Justice Department last month also approved Cigna’s takeover of Express Scripts, while Amazon purchased online prescription company PillPack in June 2018 as its entry into the prescription drug-health care business.

CVS is the nation’s largest retail pharmacy chain, and Aetna is the third largest health care company. CVS Health Corp. first announced its intention to acquire Aetna in December 2017.

Tucker Sharp, global chief broking officer

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