CVS buys Aetna for $69 billion but ...

[PharmFarmed]

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They need to fire supervisors, cut pharmacist salary and hours, cut tech hours, under-staff all of their stores, and force pharmacists to stay late without pay.

This is not a thread about how pharmacy sucks. I love pharmacy, it is a beautiful profession, but there needs to be legislation to protect this valued profession.

 

[Son_Goku]

CVS has that much money? Bezo's only got 100 billion.

 

[grizzlesgrizzlies]

Step aside Goku and Vegeta! Larry Merlo is the new SUPER SATURATED GOD

 

[wagrxm2000]

Step aside Goku and Vegeta! Larry Merlo is the new SUPER SATURATED GOD

?

 

[rph3664]

The worst pharmacy chain and the worst insurance company merge. What could POSSIBLY go wrong there?

 

[WVUPharm2007]

So it would stand to reason with the lowered cost to CVS Health that its employees will have less money come out of their paycheck for their Aetna health plan...right?

lol

 

[Hulkbuster333]

So it would stand to reason with the lowered cost to CVS Health that its employees will have less money come out of their paycheck for their Aetna health plan...right?

lol

I hope so! When I worked for a hospital (not as a pharmacist) with their own insurance it was so cheap! I only paid maybe $30 a month for the mid level insurance. Now with CVS it's so expensive and I've got the mid level plan.

 

[DrVader]

CVS is trying to do what they can to prepare for Amazon. I honestly, think that insurances will go the way of the dodo bird. Especially if the individual mandate is reversed which it sounds like it will be in the new tax bill.

 

[WVUPharm2007]

CVS is trying to do what they can to prepare for Amazon. I honestly, think that insurances will go the way of the dodo bird. Especially if the individual mandate is reversed which it sounds like it will be in the new tax bill.

Unless you think single payer is coming, there will always be medical insurance companies. Nobody can shoulder that risk of financial ruin alone, save the fantastically wealthy.

 

[DrVader]

Unless you think single payer is coming, there will always be medical insurance companies. Nobody can shoulder that risk of financial ruin alone, save the fantastically wealthy.

Well, I believe that we will either move to a more free market or single payer. Amazon may just push us towards the free market. If they actually start to charge a more "realistic" cash price and ignore insurance it might devastate the industry. Never the less, Aetna will not saved CVS.

 

[WVUPharm2007]

Unless Amazon starts buying up drug companies, they won't be cutting costs that much. CVS, Wags, etc don't make as much as you seem to think on most insurance claims. Cardinal and McKesson run even thinner margins.

I think they'll kill CVS/Wags simply with ease of use, user familiarity, and promotion of patient laziness.

 

[maria1oh]

Amazon could undercut the prices on a lot of generics but for brand name life sustaining heart medications, HIV, or cancer medications you still need insurance.
Walmart/costco have already undercut cvs with the generics but cvs continues to grow.

 

[deleted462159]

Right. To execute a strategy of that magnitude, you need everyone in your boat rowing in the same direction, as they say. CVS doesn't have that - many of its employees are ready to jump ship.

 

[Chriskahn]

?

DBZ

 

[grizzlesgrizzlies]

DBZ

Dragon Ball Super

 

[KimChiSlap]

So it would stand to reason with the lowered cost to CVS Health that its employees will have less money come out of their paycheck for their Aetna health plan...right?

lol

That would sounds like a great idea