Last year Aetna closed a deal with CVS worth $70 billion. This deal landed the Aetna CEO with $500 million in cash and stocks. This deal is huge for Aetna as it is going to help them take over the insurance world. CVS is the largest pharmacy company in the United States. The deal of this is to help improve coverage of healthcare. Aetna will also give each one of their stock holders, 0.8 in CVS stock.
With Hartford, CT already being the insurance capital of the world, and Aetna hq being located there; Aetna will complete this deal proving that they are above all of the other insurance companies in the United States. This is all important to me because my internship next year as an actuary will be at Aetna. Once I graduate college I plan on working at Aetna. Actuaries are some of the highest ranked people in an insurance company and I plan to keep progressing and getting as high up as a job possible over the years. Over the next couple years I hope Aetna keeps progressing. They are not the top insurance company in the world. However, with more deals like this they soon will be able to be.
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