Could this be a sign of things to come? The highly influential California Insurance Commissioner sent a recommendation to the Feds to block the merger between these two health insurance giants citing anti-competitive concerns. California is, after all, the world’s third largest economy and hold’s great sway in Washington.
Some states, notably California, have raised anti-trust concerns regarding this merger between the #2 and #5 payers in the country. Additional states including Connecticut and New York have not yet completed their analysis of the merger but concerns are likely to be raised.
Is this deal headed for trouble?
Anthem is one set closer to finalizing its acquisition of Cigna after an overwhelming majority of their shareholders approved the merger. However, it does have to go before the regulators before it can be seen as a done deal.
The shareholders of both Aetna and Humana voted resoundingly to approve the merger. This deal is far from being done as it still has to undergo regulatory scrutiny by the feds. Read more here.
With the seemingly rapid consolidation of healthcare payers in recent months, there has been a lot of concern that this is bad for consumer’s bottom line. This article flips that thinking a little bit.
Do you agree w/it?