On December 3rd, drug retailer CVS and health insurer Aetna announced their companies’ $69-billion merger deal. Aetna’s CEO Mark Bertolini said the deal will “dramatically further empower consumers,” while Larry J. Merlo, president and CEO of CVS Health, said it will “create a platform that is easier to use and less expensive for consumers.”
Are these claims true, and could the merger actually help benefit consumers with lower prices? Dr. Scheffler weighed in on the consumer impacts of the merger today in an interview on KCBS radio. You can listen to the full audio of his interview here.