Today CVS CEO Larry Merlo release the news that they will
ban selling all cigarette and tobacco products in their national stores. CVS who are said to lose an estimate of 2
billion dollars of revenue. CVS Larry Merlo states by October 2014 consumers
will not be able to buy cigarettes or any other tobacco products in any of their
7,600 location.
Without saying tobacco use is the number one cause of
preventable death in the United States.
The governments say tobacco kills more than 480,000 American each year. More than half individuals suffer from more
than one chronic disease making it clear to Merlo prevention is key to reducing
this outcome. Merlo feels this is the
right position even though they generate 2 billion in tobacco and related
sales. This move will position future
growth and opportunities for CVS to play a bigger role in our evolving health
care system.
CVS one of the leading stores when asked “Why they decided
to make this change? The answer provided
by CEO Larry Merlo was this was his efforts to promote healthier Living. The CEO states he looking not only at short
term success but long term success. They have been evolving into more of a
healthcare company. They have 26,000 pharmaceutical
and nurse practitioners, who are helping millions of patients across the
country every day to manage conditions like high blood pressure, high cholesterol,
diabetes all condition whole effects are worsened by the impact of smokers.
As a person who understands the effect Cigarettes and other
tobacco product effects our communities I say great I always wondered why we
just didn’t stop selling cigarettes if we wanted to decrease the effects it was
having on the population. Instead of
increasing the price believing that would decrease the physically need of the
cigarettes.
President Obama thanked CEO Larry Merlo for taking this step
to reduce tobacco related death cancer, and heart disease, which will as also bring
down healthcare cost. As a person who has long relative who have lost their lives to tobacco related illnesses I also would like to give CVS a thumbs up for leading this cause.
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