CA Gives Aetna the Green Light

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“Aetna’s acquisition of Humana is creeping toward the finish line, getting an approval Monday from one of California’s health insurance regulating bodies.

“Aetna’s approval process stands in stark contrast to Anthem’s purchase of Cigna Corp., which has faced more publicized internal and external battles and could be on its way to the chopping block.

“On Monday, the California Department of Managed Health Care gave Aetna the thumbs-up for its $37 billion takeover of Humana, an insurer that has endured many obstacles over the past year and mostly covers seniors through Medicare Advantage. The department mandated Aetna make a few relatively small concessions, such as investing $50 million in various healthcare projects.”  Source Modern Healthcare

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