David Ross & Associates
  • Home
  • Testimonials
  • Join List
  • Blog
  • Contact
  • Critical Event Protection

Federal court blocks health insurer Aetna's $34 billion acquisition of Humana

1/23/2017

0 Comments

 
A U.S. judge blocked on Monday health insurer Aetna Inc’s proposed $34 billion acquisition of smaller peer Humana Inc, raising the stakes for rival Anthem Inc as it battles to close a $54 billion deal to buy Cigna Corp.
The ruling is another victory for the U.S. Justice Department, whose antitrust enforcement became much more aggressive during former U.S. President Barack Obama’s eight years in office, which ended last week.

Obama’s successor, Donald Trump, and a Republican-controlled legislature are seeking to undo much of the Affordable Care Act, better known as Obamacare. The law reshaped the U.S. healthcare industry by mandating health insurance and creating online exchanges where consumers can shop for individual policies and get subsidies.

Aetna, Humana, Anthem and Cigna had cited Obamacare as one of the main reasons their industry needed to consolidate to cope with the costs of expanding coverage. Their shares ended trading on Monday at levels that suggested that investors continued to see little chance that the two mergers would happen.
​
The U.S. Justice Department filed a lawsuit last July to block Aetna’s acquisition of Humana and Anthem’s acquisition of Cigna, arguing that the two deals would lead to higher prices.

Continue reading at One America New Network....

0 Comments



Leave a Reply.

    Picture
    David Ross

    Call me at 

    678-654-9500
    • Independent Life & Health Insurance Agent
    ​• LegalShield & IDSheld Independent Associate & Director

    RSS Feed

    Archives

    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015

    Categories

    All
    Accelerated Depreciation
    Business Management
    Cost Segregation
    Credit Score
    GMG Savings
    Health Insurance
    Identity Theft
    Legal
    Life Insurance
    Marketing
    Property Cost Allocation
    Property Tax
    Stryde Savings
    Tax Benefits

    Tweets by @DrDavidRoss
Contact David Ross & Associates at 678-654-9500
2720 Riverside Drive #7063, Macon GA 31209
david@davidrossandassociates.com


David Ross is a licensed life & health insurance agent representing
Humana, UnitedHealthcare, Clover Health, New Era/Philadelphia American, Manhattan Life & Assurance, Family Life, Voya Financial, Banner Life, Transamerica, Protective Life, Securian/Minnesota Life, Cincinnati Life, Illinois Mutual, Mutual of Omaha, Ameritas, National General, SureBridge, and other insurance carriers. David Ross is an Independent Associate and Director of LegalShield. LegalShield and IDShield are registered trademarks of LegalShield. TrioMed is a registered trademark of National General. Some icons and photos courtesy of flaticon.com, pixabay.com, and rawpixel.com.
​

Descriptions of benefits are intended only to highlight the insured’s benefits and should not be relied upon to fully determine coverage. If any description conflicts in any way with the terms of any policy, the terms of the policy prevail. For complete benefits descriptions and conditions, see the policy.

Copyright © 2009 - 2021 David Ross & Associates 
  • Home
  • Testimonials
  • Join List
  • Blog
  • Contact
  • Critical Event Protection