How Obamacare's Cost Squeeze Could Push Rite Aid To Walgreens

April 11, 2015 1:01 PM

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Italian billionaire Stefano Pessina wasn’t ready this week to say Walgreens Boots Alliance (WBA) was prepared to buy Rite Aid Rite Aid (RAD), but he said more government influence on payments to pharmacies could spur rapid consolidation in the U.S.

Now the top executive at Walgreens, Pessina speaks from experience having run Alliance Boots pharmacies in Europe and its government-run health systems. In the U.S., the government has expanded health insurance under the Affordable Care Act by expanding Medicaid coverage to more poor Americans and s...

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