Go for a business any idiot can run — because sooner or later any idiot is going to run it. – Peter Lynch
Several months ago we discussed the merger of drugstore and pharmacy giant CVS with health insurance giant Aetna. As was the case when financial services companies merged with insurance companies in the run-up to 2008, it’s clear how the story ends with these too-big-to-fail acquisitions. As the marketplace adapts to these new dynamics, here are some interesting facts about the drugstore behemoth.
Did you know that:
- CVS drug prices grew almost 2% year-over-year in 2017?
- CVS is located in 49 states as well as DC and Puerto Rico?
- More than 75% of the United States population lives within five miles of a CVS?
- In its acquisition of Aetna, CVS obtained insurance information for over 23 million Americans?
To learn how your company should position itself post-CVS-Aetna merger, contact a BenefitCorp consultant for a healthcare assessment.