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The health insurance giant Cigna (CI) agreed to buy the pharmacy benefit manager Express Scripts (ESRX) for $67 billion in cash and stock, including the assumption of $15 billion in debt, The New York Times reports. The transaction adds to a string of deals in the health care sector as insurers and others seek to control costs and stave off a possible challenge from Amazon. Express Scripts is the largest pharmacy benefit manager in the U.S., responsible for the drug plans of more than 80 million Americans, including on behalf of such large employers as the Department of Defense.

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  • Hmmm – is there a link here? “… several drug makers have been eliminating jobs in recent months. Among them are Allergan, Pfizer, and Teva Pharmaceuticals, which is undergoing a massive reorganization.”

    All rotate around the failed attempt to save PFE tax $ … and so the employees pay the price for management errors. And the new tax law made it unnecessary ….. sad indeed.

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