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  #11  
Old 10-26-2017, 08:00 PM
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Picking up some medication. Might as well buy some insurance too!
What a great idea. If you like moral/morale hazard with your insurance sales.

j/k Of course you already know that's not the way health insurance is sold.


Also, as to Byram's comment - Is revenue really a suitable item to compare on totally unrelated industries? How's Tesla doing, by the way?
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  #12  
Old 10-26-2017, 08:15 PM
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Also, as to Byram's comment - Is revenue really a suitable item to compare on totally unrelated industries? How's Tesla doing, by the way?
Certainly not, and I won't pretend that that's any kind of starting point to an M&A offer (your point on Tesla is well taken). I just wanted to dispel the idea that CVS is just a brick-and-mortar pharmacy, out of its depth when eyeing an insurance company. After all, we're in the era now where even Amazon is rumored to jump into the Rx fray.

What I am curious about, if anyone has any bets they wanna place, is how a buyout or merger between these two would impact Caremark's PBM business (if at all). i.e., does anyone think other carriers would shy away from an Aetna-owned PBM?
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  #13  
Old 10-26-2017, 08:43 PM
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Certainly not, and I won't pretend that that's any kind of starting point to an M&A offer (your point on Tesla is well taken). I just wanted to dispel the idea that CVS is just a brick-and-mortar pharmacy, out of its depth when eyeing an insurance company. After all, we're in the era now where even Amazon is rumored to jump into the Rx fray.

What I am curious about, if anyone has any bets they wanna place, is how a buyout or merger between these two would impact Caremark's PBM business (if at all). i.e., does anyone think other carriers would shy away from an Aetna-owned PBM?
Before I retired, my employer was using the Caremark PBM. And their negotiations with Walgreens got nasty. In particular, there were threats about removing Walgreens from the preferred provider list. I objected to that very much since I was using Walgreens at the time. I'm not sure they could even legally have made the change before renewal of the employee plan, but IANAL. It just seemed like there was a non-level playing field between CVS and Walgreens.
FWIW my employer kept Caremark and Walgreens stayed on the preferred provider list. This seems to imply that the people deciding on PBM weren't obviously troubled by the same things that bothered me.

Not that it matters now that I'm retired.
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I feel like ERM is 90% buzzwords, and that the underlying agenda is to make sure at least one of your Corporate Officers is not dumb.
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  #14  
Old 10-27-2017, 10:01 AM
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Originally Posted by Byram View Post
Certainly not, and I won't pretend that that's any kind of starting point to an M&A offer (your point on Tesla is well taken). I just wanted to dispel the idea that CVS is just a brick-and-mortar pharmacy, out of its depth when eyeing an insurance company. After all, we're in the era now where even Amazon is rumored to jump into the Rx fray.

What I am curious about, if anyone has any bets they wanna place, is how a buyout or merger between these two would impact Caremark's PBM business (if at all). i.e., does anyone think other carriers would shy away from an Aetna-owned PBM?
My bet is that the deal gets axed.
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  #15  
Old 10-27-2017, 10:09 AM
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My bet is that the deal gets axed.
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Pluto is no longer a planet and I am no longer an actuary. Please take my opinions as non-actuarial.


My latest favorite quotes, updated Nov. 20, 2018.

Spoiler:
I should keep these four permanently.
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Originally Posted by rekrap View Post
JMO is right
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Originally Posted by campbell View Post
I agree with JMO.
Quote:
Originally Posted by Westley View Post
And def agree w/ JMO.
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Originally Posted by MG View Post
This. And everything else JMO wrote.
And this all purpose permanent quote:
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Yup, it is always someone else's fault.
MORE:
All purpose response for careers forum:
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Originally Posted by DoctorNo View Post
Depends upon the employer and the situation.
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Originally Posted by El Actuario View Post
Therapists should ask the right questions, not give the right answers.
Quote:
Originally Posted by Sredni Vashtar View Post
I feel like ERM is 90% buzzwords, and that the underlying agenda is to make sure at least one of your Corporate Officers is not dumb.
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  #16  
Old 10-27-2017, 10:36 AM
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Really? I think it has a better chance than Aetna-na (Aetna + Humana)
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  #17  
Old 10-27-2017, 10:43 AM
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I like how they offered over $200/share but the Aetna stock price hasn't even crossed $180. Quite a lot of uncertainty.
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  #18  
Old 10-27-2017, 11:40 AM
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Great opportunity for health actuaries to cross into pharma industry, imo
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  #19  
Old 10-27-2017, 11:51 AM
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By paying money for it?
Or take on debt to buy the shares. Then alleviate the debt with the buyee's assets.
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  #20  
Old 10-27-2017, 01:09 PM
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I guess Aetna is in selling mode.
Didn't they sell a chunk of their US business to the Hartford like 1 week ago?
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