aetna

Lynn Arditi / RIPR

Job cuts often follow mergers, such as the deal for CVS Health to purchase the insurance company Aetna.  But CVS Chief Executive Officer Larry Merlo says this deal may be an exception.  

John Phelan / CC BY 3.0

CVS Health’s chief executive says the Woonsocket-based company’s $69 billion bid to acquire health insurer Aetna will be good for consumers – and Rhode Island’s governor seems to agree.

But health industry experts say there are reasons to be skeptical.

Connecticut Takes A Look At Aetna's New Future

Dec 5, 2017
Montgomery County Planning Commission / CC BY 2.0 VIA FLICKR

Connecticut is calculating the potential impact of the new mega-merger announced by health insurer Aetna and pharmacy chain CVS. 

Calmon1 / CC BY 3.0 Via Wikimedia

CVS Health has reportedly agreed to buy Aetna, the nation’s third-largest health insurer for $69-billion.

CVS is a lot more than a pharmacy. The Woonsocket-based company operates a giant retail chain – including 69 Rhode Island stores that sell everything from shampoo to potato chips.