according to Medicare Advantage plans are Medicare health plans offered by private insurers.
“Health plans have been and will continue to be acquisitive,” Mendelson said.
A U.S. federal judge blocked Aetna’s proposed $34 billion merger with rival Humana, saying it was illegal under antitrust law.
A federal judge has prohibited the merger of two health insurance giants, Aetna and Humana, upholding the Justice Department’s decision that the $37 billion deal would hurt competition and raise prices for consumers.
Mega-mergers like the proposed consolidation of Aetna and Humana raise prices, lower health care quality – and kill jobs,” Blumenthal said.
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Judge blocks Aetna-Humana health insurance merger on antitrust grounds
as declared in Both companies’ stock prices fell immediately after Bates’ ruling but Humana’s shares then rallied; they closed up 2.2% at $205.02 a share.
The proposed $34-billion merger of Aetna Inc. and Humana Inc. to form one of the nation’s largest health insurers was blocked Monday by a federal judge on antitrust grounds.
The Justice Department also sued to block that deal for antitrust reasons; the case is being heard by a different judge.
The deal calls for Aetna to acquire Humana for cash and stock valued at about $230 per Humana share.
His decision raises questions about whether another huge health-insurance merger, Anthem Inc.’s proposed $48-billion purchase of Cigna Corp., might be in peril as well.
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