California IC calls for DOJ to block CVS/Aetna merger

California Insurance Commissioner Dave Jones is calling for the U.S. Department of Justice to file a lawsuit to block the proposed merger of CVS and Aetna.

In an August 1 letter to U.S. Attorney General Jeff Sessions, Jones concluded that “the proposed merger of CVS and Aetna will have anti-competitive effects and not be in the interest of consumers or health insurance and health care markets in California and nationally.”

He also noted that the merger is “likely to increase [prescription] drug prices for consumers rather than reduce them.”

Click for Commissioner Jones’ decision letter

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