After CVS agreed to acquire insurer Aetna, CIGNA has agreed to purchase express scripts for $67 billion. Express Scripts is the largest pharmacy benefit manager (PBM) in the country. This continues the remake of the nations healthcare system through merger and acquisition:
“Aetna and CVS have said they hope to create “front doors” to healthcare through 9,800 stores run by CVS. That deal could turn many of the chain’s stores into one-stop-shop locations for an array of healthcare needs like blood work and eye or hearing care, in addition to their traditional role of filling prescriptions.
UnitedHealth Group Inc., which runs the nation’s largest insurer, is spending almost $5 billion to buy nearly 300 primary and specialty care clinics and some urgent care and surgery centres. That push will help the company steer patients away from expensive hospital care.
Another insurer, Humana Inc., is making a separate deal to better manage the care of its Medicare Advantage patients.”