The Wall Street Journal called insurers the “new 800 pound gorilla” in an article Wednesday, analyzing the leverage the industry’s biggest players have gained through pending mergers.
In case you forgot, Anthem seeks to buy Cigna for $48 billion, while Aetna seeks to buy Humana for $34 billion, although both deals still need to be approved by federal regulators.
Consumer advocates worry that such mergers will make the insurance marketplace uncompetitive, and studies have shown that consumers in many areas of the country do not have many insurance options.
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