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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.
Humana is the second-biggest player in the fast-growing market for Medicare Advantage plans, under which private insurers are paid a set rate to manage healthcare for people age 65 and older or ...
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]
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.
Humana has tried for the past several years to merge or be acquired. It first attempted to merge with Aetna in 2015 before a Justice Department ruling in 2017 scuttled the proposal; Aetna later ...
It had 3.7 million medical members, 1.5 million Medicare Part D members, and 900,000 Medicaid members. [2] In May 2013, the company was acquired by Aetna for $5.7 billion. History
It will use the majority of proceeds from the sale of its Medicare businesses, which is expected to close in the first quarter of 2025, for share repurchase and has $5.3 billion remaining on its ...