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Healthcare insurance company, Humana, announced "limited" layoffs last week, Humana spokesperson Mark Taylor confirmed to the Courier Journal.
Aetna, Humana, Anthem and Cigna cited the Affordable Care Act, popularly known as Obamacare, which was passed by Congress in 2010 to significantly expand access to affordable health insurance.
In 2015, Cigna made a bid for Humana, which it ultimately lost to Aetna . But the potential Aetna-Humana merger failed when federal judges intervened on the basis of antitrust concerns.
Aetna Inc. (/ ˈ ɛ t n ə / ET-nə) is an American managed health care company that sells traditional and consumer directed health care insurance and related services, such as medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans, primarily through employer-paid (fully or partly) insurance and benefit programs, and through Medicare.
Aetna and Humana shareholders would own 74% and 26% of the new combined company, however the merger was blocked by a federal judge in January 2017. [15] [16] In February 2017, Aetna Inc. and Humana Inc. quashed a $34 billion merger agreement after judges ruled against the merger for a second time. [17]
Anthem says Cigna has no right to terminate the merger, a deal which in January was extended to April 30, 2017. Aetna and Humana terminate their proposed merger that had been blocked last month by a U.S. federal judge. Aetna announces it will pay Humana the $1 billion fee for calling off the agreement.
Louisville-based healthcare insurer Humana said it aims to gradually return to profitability through "targeted pricing decisions" after a year in which the company announced layoffs and fell short ...
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