Walgreen's latest effort is aimed at delivering lower prescription drug costs and more convenient access to medications for seniors.

One might—and would—expect such a move from Walgreens, but Kroger's expansion further into health care might give an onlooker pause.

Still, that onlooker would have to have been pretty oblivious to other efforts to incorporate health care pockets within other businesses. But Walgreen's partnering with United Healthcare to open UnitedHealthcare Medicare services centers within Walgreens stores in five metropolitan areas also involves collaboration between the two companies and new AARP Medicare Advantage Walgreens plans from UnitedHealthcare.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.