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It's more big news in the world of health insurance—and potentially for the wallets of consumers—though this time it doesn't revolve around the fate of ObamaCare. The Wall Street Journal reports that CVS has offered to buy giant insurer Aetna for $66 billion. Why? One big reason is a familiar one: fear of the behemoth Amazon.
Here's a look at the details, including the potential implications for customers if the deal goes through:
- Amazon factor: The online retailer has been signaling that it intends to enter the pharmacy business and has been quietly obtaining approval from various state pharmaceutical boards, per a separate Journal story. The very idea is putting pressure on CVS and others to develop a counter-strategy to protect its turf.
Read the full story on Newser.com
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