CVS chief says industry disruption should come from within

Dive Brief:

• CVS Health CEO Larry Merlo said Monday the healthcare industry should be improved and transformed from within, not by outsiders like Amazon and its cost-cutting venture with J.P. Morgan and Berkshire Hathaway.
• Speaking at a National Press Club luncheon in Washington D.C., Merlo announced that following completion of the CVS acquisition of Aetna, the company will launch a five-year $100 million initiative focused on strengthening the healthcare resources of local communities.
• Merlo said the combined CVS-Aetna has no intention of replacing patients’ primary care providers, but seeks to give people affordable access for lower-acuity needs like a sore throat. “I believe that we can do a better job of matching up the site of care with...

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