CI - Healthcare Reform Top Down And Bottom Up
This time, it's Cigna (CI) and Express Scripts (ESRX) and the same defensive attitude is behind it as with the Aetna (AET) and CVS (CVS) deal. The healthcare sector is now positioning for dealing with potential reform with top-down consolidation strategies that are a knee-jerk defensive posture against the fear of healthcare reform. Since the only meaningful talk is about cost reductions, and not about structural reform, the anticipation is that whatever the reforms are, be it from the Walmarts of the world looking to wield their