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US: States join DOJ in insurance anti-merger lawsuit

By  |  July 25, 2016

The DOJ aims to stop the Aetna and Humana $37 billion merger and the $48 billion partnership of Cigna and Anthem, claiming concerns that they will reduce competition in the Medicare Advantage market.

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    The US Justice Department has officially filed lawsuits to block the proposed multi-billion-dollar mergers between four major health insurance companies, claiming these deals violate antitrust laws and will harm competition and affordability for consumers.

    Some of the states joining in the case are Delaware, Georgia, Illinois, Iowa, Ohio, Pennsylvania and Virginia, along with the District of Columbia.

    Aetna and Humana have promised a “vigorous” defense of their pending union, but it will mean at least delays – and at most overhauls or death – for these deals that would reshape the health insurance industry nationwide.

    Full Content: Frontline Desk

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