(Undated) — CVS Health is offering big bucks to buy insurerer Aetna. Multiple reports say CVS made an offer to Aetna of over 66-billion dollars. The deal would merge one of the country’s largest pharmacy operators with one of the biggest health insurers. Aetna’s stock rose more than eleven percent on the news, while CVS shares dipped three percent. Healthcare consolidation is seen as a way for insurers and pharmacies to lower medical costs and as a hedge against online competition. Amazon is reportedly preparing to enter the prescription drug market.
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