Aetna and Humana are scrambling to convince antitrust regulators in the U.S. Department of Justice that their proposed $34 billion merger won't hurt consumers by reducing competition in the health insurance market.
Until recently, officials at both companies expressed confidence that the deal would be approved, but the prospect of rejection appears to have increased dramatically in the past month, as consumer groups, political leaders and state and federal regulators have publicly and privately voiced concerns about the effects of such an enormous acquisition.
Perhaps the most significant display of opposition to the deal came from California Insurance Commissioner Dave Jones, who urged the feds last month to block the merger, citing the reduced competition it would create for millions of consumers in the nation's largest state.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
