Justice Dept. Continues Against Anthem & Aetna

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“Officials with the antitrust division of the U.S. Department of Justice likely will file lawsuits this month to block Anthem’s $53 billion acquisition of Cigna Corp. and Aetna’s $37 billion deal for Humana…

“Federal intervention would overturn the rulings of many state insurance departments, most of which have approved the mergers…

“Both deals have faced immense scrutiny from hospitals, doctors and consumer groups in the 12-plus months since they were announced. Critics have argued the pursuits of Aetna and Anthem to bulk up would result in higher premiums and anti-competitive behavior. But the CEOs of Aetna and Anthem each have said their respective deals would lower healthcare costs and balance out the effects of increased consolidation among hospitals and health systems.  Source: Modern Healthcare.  For more details, Click Here.

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