CVS announced the completion of its purchase of Aetna on Wednesday, promising the new combined company would lead to “improved health outcomes and lower medical costs.”
consolidation
Posted inEducation
3 community college presidents get stipends to take on dual roles
Amid consolidation in Connecticut’s largest public college system, three community college presidents who assume dual roles will receive temporary stipends starting July 1 for the additional work.
Posted inEducation
CSCU regents adopt tuition hikes, consolidation framework
Updated at 8:13 p.m.
The Board of Regents for Higher Education adopted tuition increases that will eliminate more than half the $35-million budget deficit the state’s largest public college system is facing in the next fiscal year. The board also adopted the framework of a plan to dramatically consolidate the administrative and operational structures of many of the system’s colleges.
Posted inHealth, Justice, Politics
Anthem sues to stop Cigna from ending merger attempt
WASHINGTON — The messy divorce between Anthem and Cigna took another turn Wednesday in a Delaware court that will be the scene of further expensive legal battling over the insurers’ merger attempt.
Posted inHealth, Politics
Cigna sues to end merger deal, seeks $15 billion from Anthem
WASHINGTON — The tumultuous relationship between proposed merger partners Anthem and Cigna continued Tuesday as Cigna called for an end to the deal and demanded about $15 billion from Anthem – which said it is “committed to closing the transaction.”
Posted inHealth, Politics
Aetna-Humana, Anthem-Cigna facing different merger obstacles
WASHINGTON – So far, Aetna appears to be clearing the regulatory and antitrust hurdles it faces to merge with Humana more easily, while Anthem’s proposed marriage to Cigna has faced more troubles. Neither has yet cleared the hurdle of antitrust approval from the U.S. Justice Department.
Posted inNews
Insurance mergers face hurdles, increased opposition
WASHINGTON – The CEOs of the large health insurers hoping to close on historic mergers are telling investors and the public the deals are on track, but there still are a number of hurdles, and increasing opposition, to the deals.
Posted inHealth, Politics
Clinton has ‘serious concerns’ about Aetna-Humana, Anthem-Cigna deals
WASHINGTON — Planned consolidations by some of the nation’s largest health insurers were propelled into the 2016 race for the White House Wednesday as Hillary Clinton said she has “serious concerns” about Aetna’s plan to acquire Humana and Anthem’s proposal to buy Cigna.
Posted inPolitics
This Week in Washington
Congress moved at the 11th hour to avert a government shutdown, but it’s only a short-term fix — with a new budget deadline of Dec. 11. Access Health CT CEO James Wadleigh defended the operations of Connecticut’s health exchange to skeptical GOP lawmakers. Aetna CEO Mark Bertolini’s plans to merge with Humana were also scrutinized by a House panel this week.