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CVS' bid for Aetna is a US$66b bet on cutting drug costs

Mon, Oct 30, 2017 - 5:50 AM

New York

THE proposed merger between US pharmacy operator CVS Health Corp and No 3 health insurer Aetna Inc represents a US$66 billion bet that insurers can drive down high US drug prices by cutting out the middleman.

The move is the most expensive effort to date that would enable...

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