A PYMNTS Company

US: Physician groups ask Attorney General to block Aetna-Humana $37b merger

 |  March 15, 2016

The American Medical Association, the Florida Medical Association and the Florida Osteopathic Medical Association are calling on Florida Attorney General Pam Bondi to reject the proposed merger of health insurer giants Aetna and Humana, according to a March 14 release from the AMA.

The anti-competitive consequences of the merger would negatively affect healthcare access, quality and affordability in Florida, the physician organizations said in the March 11 letter from American Medical AssociationCEO and Executive Vice President James Madara, MD. AMA analysis found the merger would run afoul of federal antitrust guidelines in highly populated metropolitan areas in Florida, he said.

Nineteen of Florida’s metropolitan areas have two health insurers with at least a 50 percent share of the commercial health insurance market, according to AMA analysis.

Full content: Business Insurance

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.