CVS-Aetna Merger Passes One Of Remaining Hurdles As California Regulators OK The $69B Deal
Among other conditions, CVS and Aetna also agreed to not raise insurance premiums as a direct result of acquisition costs.
CVS-Aetna Merger OK'd By California Regulators
California regulators approved the $69 billion CVS-Aetna merger with conditions on Thursday, bringing the deal another step closer to the finish line. The state's Department of Managed Health Care said CVS and Aetna agreed to keep premium increases "to a minimum" after the merger, though the agency didn't define a threshold in its announcement. Like other commercial health insurers, Aetna will still be subject to rate reviews by the department. (Livingston, 11/15)