WASHINGTON — After a federal judge blocked the deal last month, Aetna on Tuesday announced it would no longer pursue a $37 billion merger with Humana. U.S. District Judge John Bates ruled last month that a merger of the health insurers would result in a lack of competition in the Medicare Advantage market.
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Updated at 4:35 p.m.
WASHINGTON — A federal judge on Monday rejected a proposed merger between Aetna and Humana, saying the $37 billion deal would “be likely to substantially lessen competition” in the Medicare Advantage market. Aetna is considering an appeal. Continue Reading →
WASHINGTON — The antitrust trial over a proposed merger between Aetna and Humana wrapped up Wednesday, with U.S. District Court Judge John Bates asking probing questions of both Justice Department lawyers seeking to block the deal and attorneys for the insurers defending their plan. Continue Reading →
Updated at 6:35 p.m.
WASHINGTON — Justice Department attorneys on Monday continued to try to undercut arguments by Aetna CEO Mark Bertolini that his company’s Medicare Advantage program competes with government-run Medicare. Continue Reading →
Updated at 4:57 p.m.
WASHINGTON — Opening salvos were fired Monday in the antitrust case against the proposed merger of Aetna and Humana, with Justice Department attorneys arguing the tie-up would mean sharp price hikes for Medicare Advantage plans and a disintegration of choice for people purchasing insurance on Affordable Care Act exchanges. Continue Reading →
WASHINGTON – As the first part of the antitrust trial on a proposed merger of Anthem and Cigna is wrapping up, a similar challenge to Aetna’s plan to merge with Humana will begin Monday. While both are the result of lawsuits to block the mergers filed by the Justice Department on the same day in July, the trials will be much different. Continue Reading →
Provider directories for private Medicare Advantage plans are riddled with errors, according to the government’s first in-depth review. Continue Reading →
WASHINGTON – UnitedHealthcare, the nation’s largest health insurer and former potential suitor to merge with Cigna, provided the Justice Department with a large amount of sensitive, proprietary and confidential information to help the government investigate and block the mergers by its rivals. Continue Reading →
WASHINGTON — In its court battle to block the merger of Anthem and Cigna, the U.S. Justice Department plans to use Connecticut’s market as a prime example of why increased consolidation in the health insurance field would hurt consumers. “It was clear to us… that if Connecticut had not decided to participate in the lawsuit, (the state) would have been a focal point of the case anyhow,” said Connecticut Attorney General George Jepsen, who has joined the DOJ lawsuit. Continue Reading →
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. Continue Reading →
WASHINGTON — The Connecticut Insurance Department has signed off on Aetna’s proposed merger with Humana, but other hurdles remain for that deal and another merger proposed by Cigna and Anthem. Continue Reading →
WASHINGTON – Saying it would end competition in key markets and erode patient care, the American Medical Association has asked the Justice Department to quash the proposed mergers between insurance giants Aetna and Humana and Anthem and Cigna. Continue Reading →
WASHINGTON — With high stakes in play, Aetna, Inc. has hired four high-powered Washington lobbying firms to help the company win federal approval of a merger with Humana. Cigna followed by hiring three D.C. lobbying firms this week to press its case to merge with Anthem. Continue Reading →
Sen. Richard Blumenthal and Rep. Rosa DeLauro are proposing bills that would prevent Medicare Advantage plans from dropping doctors without cause except during open enrollment periods. They explained their idea Monday at a roundtable discussion in Fairhaven. Continue Reading →