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CVS Health to split pharmacy chain from insurance arm
Original: CVS Health to split pharmacy chain from health insurance
CVS Health has announced plans to break itself up, separating its retail pharmacy chain from its Aetna health insurance business, reversing the merger completed in 2018. The split comes amid pressure on the company's insurance unit, which has faced rising medical costs and weakened profits. Analysts are watching how the separation will affect drugstore operations and healthcare coverage for millions of American customers.
Why now: CVS Health's announcement of a major corporate breakup affects healthcare consumers, investors and the US insurance market.
Evidence
- CVS Health to split pharmacy chain from health insurance · The Guardian
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