Healthcare Finance News July 20, 2019
Judge Richard Leon says the merger potentially has ‘grave consequences for millions of people.’
Federal Judge Richard Leon heard closing arguments on Friday in the merger of CVS Health and Aetna, and is expected to make a decision soon, according to one of the organizations testifying against the deal.
“While he did not issue a decision, Judge Leon stated his intent to issue a ruling in the not-so-distant future, noting that the merger potentially has ‘grave consequences to millions of people,'” said the AIDS Healthcare Foundation.
The American Medical Association, which is also opposed to a combined CVS and Aetna, presented evidence showing that the merger would hurt competition and increase premiums in the Medicare Part D prescription drug plan...
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