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THE AMERICAN MEDICAL ASSOCIATION announced that it is opposed to the CVS Aetna merger on the grounds that the deal would have anti-competitive effects on the health care industry, driving up patients' costs and reducing access to health care. CVS disagreed with the AMA's conclusions. / BLOOMBERG FILE PHOTO/CHRISTOPHER LEE

AMA opposes CVS-Aetna merger

PROVIDENCE – The American Medical Association has concluded the merger between CVS Health Corp. and Aetna Inc. would be detrimental to the health care...
INDUSTRY CONCERNS: Members of the second panel at the 2018 Spring Providence Business News Health Care Summit discuss cost-of-care concerns in the industry. From left, Al Charbonneau, executive director of the Rhode Island Business Group on Health; David Burnett, acting chief operating officer for Neighborhood Health Plan of Rhode Island; and R.I. Health Commissioner Marie L. Ganim.
 / PBN PHOTO/RUPERT WHITELEY

Summit: More questions than answers on health care cost savings

While the Affordable Care Act still requires people to buy health insurance, the Republican tax bill signed into law late last year zeroed out...

Amazon already reshaping health care

Without having done much yet, Amazon.com Inc. is already transforming U.S. health care – and not necessarily for the better.The mere threat of the...
AETNA INC. ANNOUNCED that it will will pass on the discounts it negotiates on prescription drugs to about 3 million of its members. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

Aetna will pass along discounts as drug price scrutiny increases

NEW YORK - Aetna Inc. will pass on the discounts it negotiates on prescription drugs to about 3 million of its members, the latest...
DERICA RICE, former chief financial officer of Eli Lilly, has been named president of pharmacy benefits managment company CVS Caremark and will begin in that role March 30. / COURTESY CVS HEALTH

CVS Health names Rice president of CVS Caremark

WOONSOCKET – CVS Health Corp. has announced Derica W. Rice, recently retired Eli Lilly chief financial officer, as the new president of CVS Caremark, the...

Cigna to draw antitrust scrutiny amid health care deal wave

NEW YORK – Cigna Corp.’s proposed deal for Express Scripts Holding Co. faces a drawn-out merger review as the Trump administration’s antitrust enforcers weigh the competitive...
CVS HEALTH'S pharmacy benefit management business came under fire, along with other PBMs, from the head of the Food and Drug Administration for holding drug prices artificially high. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

CVS starts jumbo debt sale to fund $68B Aetna deal

NEW YORK - CVS Health Corp. kicked off what’s likely to be one of the largest corporate-debt financings ever as it seeks to fund its...
ANALYSTS believe that despite the cash freed up by the recent tax bill, companies will still borrow money to execute mergers and acquisitions. / BLOOMBERG

Big M&A deals seen keeping corporate borrowing spree alive

NEW YORK - Get ready for what could be another record year for corporate borrowing.The U.S. tax overhaul is freeing up cash for companies and...
WALGREENS IS REPORTEDLY in talks to take over AmerisourceBergen Corp. / BLOOMBERG FILE PHOTO/CHRISTOPHER LEE

Amazon threat looms as Walgreens surveys health care landscape

NEW YORK - The remaking of the U.S. health care industry is gaining speed, and some of the industry’s biggest players are racing to make...
CVS HEALTH CORP. reported a $6.6 billion profit for 2017. / BLOOMBERG FILE PHOTO.CHRISTOPHER LEE

CVS’ 2017 profit jumps on tax cut boon

WOONSOCKET – CVS Health Corp. on Thursday reported a $6.6 billion profit for 2017, an increase of 24.5 percent from the prior year's $5.3...
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