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UMass Economics

Gerald C. Friedman says proposed merger between CVS and Aetna won’t help ordinary people and is not good news for consumers

Gerald C. Friedman, economics, says the proposed merger between CVS and Aetna, if approved, won’t help ordinary people. “This is not good news for consumers,” Friedman says. “They will be lucky to be no worse off.” He also says there is a trend toward consolidation in the health care field. “The hidden story in healthcare is the monopolization of services,” he says. “It’s about integrating the health process and avoiding competition.” (Los Angeles Times, 10/31/17)