DOJ Sues to Block Health Insurer Mergers - 10/10/2016
Two potential health plan mergers have come under intense fire. Last month, the U.S. Department of Justice (DOJ), acting under the direction of the U.S. Attorney General and the states of Delaware, Florida, Georgia, Illinois, Iowa, Pennsylvania, Virginia, and Ohio, as well as the District of Columbia, brought a civil antitrust action to prevent the Aetna-Humana merger from going through. The government also sued to enjoin Anthem from acquiring Cigna. TMA and organized medicine have been scrutinizing the proposed mergers, which physicians say would profit insurers while leaving doctors and patients with fewer choices and higher costs. Aetna seeks to acquire Humana Inc. in a $37 billion deal focused largely on buying up Humana's Medicare Advantage business, while Anthem Inc. looks to take over Cigna for $50 billion.