Learn who we are and how we serve our community
Meet our leaders, trustees and team
Developing the next generation of talent
Covering the latest news and trends in the marketplaces industry
Check out wide-ranging resources that educate and inspire
Learn about the governmental initiatives we support
Connect with other professionals at a local, regional or national event
Find webinars from industry experts on the latest topics and trends
Grow your skills online, in a class or at an event with expert guidance
Access our Member Directory and connect with colleagues
Get recommended matches for new business partners
Find tools to support your education and professional development
Learn about how to join ICSC and the benefits of membership
Stay connected with ICSC and continue to receive membership benefits
Reports that CVS is in talks to buy health insurer Aetna — unconfirmed so far — indicate that the pharmacy chain has Amazon.com on its mind. Amazon clearly wants to sell prescription drugs: The online giant has obtained approval for wholesale pharmacy licenses in at least 12 states.
As CNBC points out, owning Aetna would put CVS in a stronger position to negotiate cheaper drug prices and could also lead to cheaper copayments for the insured. Then, too, that vast network of stores could be harnessed to provide a cost-effective distribution center and an in-store clinic network.
CVS has been reinventing itself as a health-care business for years through its in-store clinics, so this deal would accelerate a transformation that is already in motion anyway. Furthermore, CVS and Aetna already forged an agreement to work together in 2010. So by buying Aetna, CVS could be making Amazon’s march into the prescription drug business anything but a cakewalk.
By Edmund Mander
Director, Editor-In-Chief/SCT
Members get exclusive access to this magazine with news and trends for the rapidly evolving marketplaces industry.
Sign up now