CVS-Aetna merger faces resistance in New York

October 22, 2018

Aetna, CVS, Medicare, Medicare Part D

New York state officials are considering blocking parts of the $68 billion merger of drugstore store chain CVS Health Corp. and Aetna Inc., jeopardizing billions of dollars in insurance premiums for Aetna.

CVS and Aetna won approval from the U.S. Justice Department on Oct. 10, contingent on Aetna divesting its Medicare Part D business, which covers prescription drugs for seniors. But the deal still needs to pass through state regulatory bodies.

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Original Article on benefitsPRO by Blake Dodge