American Medical Association Urges Regulators To Block CVS-Aetna Deal
The nation's largest doctor's group told
AMA President
"The AMA is now convinced that the proposed CVS-
The AMA said premiums will likely rise due to a substantial increase in market concentration in most regional markets of Medicare Part D, a prescription drug program, and an "anticipated increase" in drug spending and out-of-pocket costs for patients as
The doctors group also warned of reduced competition in health insurance markets that will lead to higher premiums and quality of insurance that's compromised.
In an emailed statement, CVS said the tie-up with the
CVS purchase of
"In our view, this speaks more to the protectionist bias of AMA than it does to the implications of the merger," he said in a client note.
A key part of the CVS-
"We believe regulators will see through the self-interested protests of the AMA," he said.
Several analysts have said they do not expect rejection of the deal following the
The merger being sought by CVS and
As a result, the tie-up may not trip regulators' alarms about a potential monopoly, some analysts have said.
The application is being reviewed, she said.
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