Opinion: STAT+: CVS’ split doesn’t fix its fundamental problem

CVS Health is one of the largest companies in the U.S. It serves the health care needs of hundreds of millions of Americans annually, has a hand in nearly every part of the drug supply chain, and has more than $400 billion in annual revenue.

So when it announced last Wednesday that it will split into two entities, the news made waves.

Here’s the thing: Much of the media coverage frames this move as CVS unwinding its vertical integration in response to ongoing regulatory pressure. That is not what is happening here.

Continue to STAT+ to read the full story…