8) US healthcare policy overhang on the managed care beginning to lift with PBM rebates and Medicare for All clouds subsiding. With Aetna and Caremark contributing 60%+ of $CVS op income, it should trade more like $UNH (17x), $ANTM (12x), $CI (10x). CVS was at a premium pre 2016 https://t.co/JPZb38JCWZ