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CVS is Buying Aetna Insurance!

There is a big shape up going on in the news.  If you haven’t heard, CVS is buying Aetna Insurance company.  If you don’t know what these companies represent, well CVS is a retail pharmacy store.  Aetna is one of the health care providers for insurance.  They say this merger will make it so one company owns and controls a retail chain and insurance provider.  This allows them to determine prices and discounts.  Claiming this will help consumers by providing a one stop shop for your prescription needs.

To get this deal down took $69 Billion dollars.  This might seem like a ridiculous amount of money, but to me in the position that CVS will be in t

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he market, will be a huge advantage.  The Pharmaceutical industry is one of the top leading industries when it comes to money.  In 2016 the industry brought in $446 Billion dollars.  So yes, $69 Billion is a lot of money to invest, but to get a bigger piece of the $446 Billion pie really sounds appealing.

It will be interesting to see how CVS positions themselves in the industry.  Will they become the Wal-Mart of retail Pharmacy?

So how does this affect clinics?

This is bringing a major competitor in the healthcare field when it comes to clinics.  CVS currently has 9.700 pharmacies and 1,100 Minute Clinics, which are walk-in locations where patients can get vaccinations, and other procedures done there.  

With the merger of Aetna, this actually helps the consumer prevent seeing the doctor in a lot of cases.  So this really could play a major role for a lot of clinics and doctors. CVS will have a better understanding of patient’s’ health goals, and be able to guide them through the healthcare process.

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