Jeff GeerlingJust finished applying for 2024 health insurance through the healthcare.gov marketplace.
Good news! This might be the first year I pay less than $30,000 for medical coverage! (Assuming I stay out of the hospital).
Oh, and why does a pharmacy own a health insurance company now? How is that a thing?
What's the rationale behind a company owning doctors, pharmacies, and mandatory health coverage plans 🤔
And why does it rhyme with honey?
Ernie Smith@geerlingguy Absolutely bizarre how integrated CVS is these days.
@ernie They stand to make boatloads upon boatloads of money, of course. Walgreens probably kicking themselves for not buying hospitals, doctors, and legislators at the same rate.
@geerlingguy I dunno if you’ve ever listened to Business Wars, but they just had a season about this exact topic that does a great job explaining how this integration actually happened. Long story short: Walgreens actually bet on being a pharmacy chain (and still sells cigarettes), CVS decided it wanted to dominate healthcare (and doesn’t).