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Explainer-Why prior mega health insurer deals like the possible Cigna/Humana merger failed. November 30, 2023 at 4:20 PM. ... Aetna, Humana, Anthem and Cigna cited the Affordable Care Act ...
Healthcare insurance company, Humana, announced "limited" layoffs last week, Humana spokesperson Mark Taylor confirmed to the Courier Journal.
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]
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 ...
Mark T. Bertolini (born 1956) is an American businessman who is currently the CEO of Oscar Health, a tech-driven health insurance company located in New York.He was the co-CEO of Bridgewater Associates, one of the world's largest hedge funds, and was previously the CEO of Aetna, a Fortune 50 diversified health care benefits company with over $60 billion in 2015 revenue.
Cigna Not Pursuing Humana Merger, Stock Soars. Vandana Singh. November 11, 2024 at 10:28 AM. Cigna Not Pursuing Humana Merger, Stock Soars.