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Amazon Strikes Again: CVS To Buy Aetna For $69BN In Year's Largest Deal, "Reshaping Health Care"

Amazon Strikes Again: CVS To Buy Aetna For $69BN In Year's Largest Deal, "Reshaping Health Care"

A deal that was months in the making is finally official, with Aetna's board of directors approving on Sunday the health insurer’s sale to drugstore chain operator CVS Health Corp for approximately $207 per share in cash and stock, in a deal worth $67 billion, multiple news sources reported on Sunday afternoon. The purchase price represents a premium of 29% to where Aetna shares were trading before the WSJ first reported that the two companies were in talks in October.

Your Pension Is A Lie: There's $210 Trillion Of Liabilities Our Government Can't Fulfill

Your Pension Is A Lie: There's $210 Trillion Of Liabilities Our Government Can't Fulfill

Authored by John Mauldin via MauldinEconomics.com,

In the US, we have two national programs to care for the elderly.

Social Security provides a small pension, and Medicare covers medical expenses.

All workers pay taxes that supposedly fund the benefits we may someday receive.

The problem is that's not actually true. Neither of these programs is comprehensive.

Fidelity Says Baby Boomers Haven't Even Saved Enough To Cover Their Healthcare In Retirement

Fidelity Says Baby Boomers Haven't Even Saved Enough To Cover Their Healthcare In Retirement

While statistics are somewhat sketchy on the topic, most research suggests that the average retirement-age household has managed to set aside roughly $200,000-$250,000 for their golden years.  Unfortunately, they'll need more than that just to cover their healthcare costs.  Per Bloomberg notes today, the average 65-year-old couple will need roughly $275,000 to cover their healthcare costs during retirement...and that's with Medicare.

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