Nearly everyone in healthcare speculated for the past year about how the U.S. Justice Department would respond to the mega-deals proposed by Aetna and Anthem. Officials were concise and stern as they delivered their answers from a podium last week.
A superficial reading of the latest headlines about the health insurance industry suggests it is facing serious problems.
The government argues both transactions would “substantially lessen competition in numerous markets around the country.” The result, antitrust regulators said, would lead to “higher prices and reduced benefits” for consumers. Both companies plan to challenge the DOJ in court.
The U.S. Justice Department is likely to file lawsuits this month to block Anthem's $53 billion acquisition of Cigna Corp. and Aetna's $37 billion deal for Humana, Bloomberg first reported Tuesday, citing anonymous sources.
Attempts by the CMS to limit the use of special enrollment periods to obtain exchange coverage do not go far enough to ensure that the circumstances won't be abused by those seeking to game the system, according to health plan critics.
Aetna's acquisition of Humana is creeping toward the finish line, getting an approval early last week from one of California's health insurance regulating bodies. The insurer's approval process stands in stark contrast to Anthem's purchase of Cigna Corp.
Seven Democratic U.S. senators—including Elizabeth Warren of Massachusetts and Richard Blumenthal of Connecticut—have urged the U.S. Justice Department to block the pending health insurance mega-mergers in one of the strongest stances to date against the deals.
Aetna just nabbed a new state approval in its quest to acquire Humana. That stands in contrast to Anthem's purchase of Cigna Corp., which has faced publicized battles and could be on its way to the chopping block.
California's top insurance regulator has urged the U.S. Justice Department to kill the pending $53 billion transaction between health insurance titans Anthem and Cigna Corp. over concerns of higher prices and lower quality plans.
Federal and state insurance regulators are mulling the fate of two pending health insurance mergers, and many large employers won't be disappointed if officials torpedo the deals.
Federal and state insurance regulators are determining the fate of the pending health insurance mergers, and many large employers won't be disappointed if officials torpedo the deals.
Squabbles have apparently flared up behind the scenes in the proposed $53 billion merger of health insurance giants Anthem and Cigna Corp.