AMA commends DOJ challenge to Anthem, Aetna deals

Listen
Text
  • Small
  • Medium
  • Large

The American Medical Association applauded the U.S. Department of Justice's lawsuits against proposed Anthem-Cigna and Aetna-Humana deals, stating decreased competition in the health insurance market would harm patients.

"The prospect of reducing five national health insurance carriers to just three is unacceptable," Chicago-based AMA wrote in a statement. "Given the mergers' potential to significantly compromise market competition, the AMA strongly supports the antitrust challenge from federal regulators."

The DOJ's challenge could halt Indianapolis-based Anthem's proposed $54 billion acquisition of Bloomfield, Conn.-based Cigna and Hartford, Conn.-based Aetna's $37 billion acquisition of Louisville, Ky.-based Humana.

More articles about payer issues:
DOJ, states sue Anthem, Aetna to block mega deals: 7 things to know
Covered California Health Plan to hike rates 13.2%
In Alaska, Premera Blue Cross health rates to increase 10%

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars