CVS

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Rhode Islanders enrolled in health coverage through the Affordable Care Act can now pay their monthly insurance bills at their local CVS Pharmacy.

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CVS Health paid its CEO Larry J.Merlo compensation totaling more than $18 million last year. That’s according to a proxy statement filed Tuesday with the U.S. Securities and Exchange Commission.

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In Dr. Elisabeth Rosenthal's book, An American Sickness: How Healthcare Became Big Business and How You Can Take It Back. She describes the health care system as a dysfunctional market, where the same prescription you’ve had for 20 years can suddenly more than double in price overnight.

There was a lot going down in Providence this week, so that's a good place to start Thanks for stopping by for my weekly column. As usual, your tips and comments are welcome and you can follow me through the week on the twitters. Here we go.

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A top CVS Health executive is leaving the Woonsocket-based pharmacy chain to become chief executive of a company that owns upscale retailers including Saks Fifth Avenue and Lord & Taylor.

Helena Foulkes, vice president of CVS Health and president of CVS Pharmacy, where she currently oversees the company’s retail stores, will become CEO of Toronto-based Hudson Bay Company effective Feb. 19, according to company news release. Foulkes will be responsible for HBC’s global strategy and operations, including more than 480 stores.

Top Executive At CVS Resigns

Dec 14, 2017
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A top executive at CVS Health has left the company.

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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. 

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Rhode Island-based pharmacy chain CVS is set to acquire the health insurance provider Aetna for $69 billion. The boards of both companies have voted to approve the deal, which still needs approval from federal regulators. The merger raises questions about the future of the two companies, as well as the future of healthcare in America. 

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. 

CVSHealth To Lay Off 250 In Rhode Island

Nov 3, 2016

Rhode Island-based CVSHealth says it will be laying off hundreds of employees across the country. That includes about 250 positions in Rhode Island.

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A new study finds mixed health results from CVS pharmacies’ decision to stop selling tobacco products. 

Harvard Professor Reginald Tucker-Seeley, Ph.D,  says when it’s easier to get tobacco in your neighborhood, more people smoke. So when CVS pharmacies stopped selling cigarettes, Tucker-Seeley wondered whether that might be good for all Rhode Islanders. He found that in neighborhoods with high rates of poverty and a greater percentage of black and Latino residents, there just weren’t as many CVS pharmacies. But there were plenty of other tobacco retailers.

Can Pharmacies Help Reduce Overdose Deaths?

Aug 6, 2015
Kristin Gourlay / RIPR

Can pharmacies play a bigger role to prevent death from drug overdose? That’s the question researchers from Rhode Island and Massachusetts hope to answer thanks to a new $1.3 million dollar federal grant from the federal Agency for Healthcare Research and Quality. 

The team plans to figure out how pharmacies can promote the use of a drug called naloxone (sometimes called Narcan).

URI Pharmacy Dean: CVS/Target Deal Could Help Consumers

Jun 15, 2015
Kristin Gourlay / RIPR

Woonsocket-based CVS Health says it’s paying nearly $2 billion dollars to take over Target’s pharmacies and walk-in clinics. The deal adds more than 1600 pharmacies and nearly 100 walk-in clinics to CVS’s growing portfolio nationwide.

                                                      

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