CVS-Aetna Merger Proposal Emblematic of Growing Arms Race to Consolidate, Control Consumer Access to Health Care, Prescription Drugs

The Senior Care Pharmacy Coalition (SCPC) today said the proposed merger between pharmacy giant CVS Health and health insurer Aetna represents a dangerous step towards governmental acceptance of an increasingly integrated, consolidated, oligopolistic health care system – flying in the face of the free market principles that define the American economy and allowing a shrinking number of “mega-companies” to control every aspect of Americans’ health care.

“The proposed CVS Health-Aetna merger is emblematic of the growing arms race to consolidate and control consumers’ access to prescription drugs,” warned Alan G. Rosenbloom, President and CEO of SCPC, the only federal advocacy organization devoted exclusively to the interests of the nation’s LTC pharmacies and the patients they serve.

“The merger proposal has dramatic, negative ramifications for consumer access to affordable prescription drugs,” he said, commenting on today’s House Judiciary Subcommittee hearing on “Competition in the Pharmaceutical Supply Chain” and the proposed CVS Health-Aetna merger. “Further merger and acquisition activities, rapidly accelerating vertical and horizontal integration and growing secrecy threaten the nation’s commitment to free and fair markets — and Congress, the Federal Trade Commission (FTC) and the Department of Justice (DoJ) must carefully scrutinize this CVS Health-Aetna proposal.”

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Senior Care Pharmacy Coalition
Feb 27, 2018, 14:19 ET