The pharmacy chains have discovered that taking a larger role in the healthcare system than simply dispensing prescriptions and selling over-the-counter notions is more complicated and costlier than they expected.
There was a time, in the misty, rose-hued past, when the three big drugstore chains look poised to take over the American healthcare system. Drug retailer CVS and health insurer Aetna announced a $69-billion merger. Walgreens made a $5.2-billion investment in primary care provider VillageMD and took a $330-million stake in home care provider CareCentrix, giving it control of both firms.
Gavin Newsom said he would stop the state from doing business with the company, or any other 'that cowers to the extremists and puts women’s lives at risk.” CVS ran into the buzzsaw of Medicare politics in August, when a New York state judge blocked the transfer of 250,000 Medicare patients to Aetna's Medicare Advantage plan. The transfer was part of a contract worth $15 billion to Aetna over five years.
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