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Court Order Halts $37 Billion Merger That Was Bad Medicine for Elderly Patients

Monday, January 23, 2017   (0 Comments)
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Court Order Halts $37 Billion Merger That Was Bad Medicine for Elderly Patients in Washington, DC

January 23, 2017 – In a landmark win for organized medicine and the nation’s elderly, federal judge John D. Bates blocked a proposed merger between Aetna and Humana. The proposed $37 billion merger between the two health insurance giants was opposed in a lawsuit filed on December 5, 2016, by the U.S. Department of Justice and numerous state Attorneys General, including Attorney General of the District of Columbia Karl A. Racine. The merger also met strong opposition from the Medical Society of the District of Columbia (MSDC) and a large national coalition led by the American Medical Association.

The case against the merger was clear and well-documented; the merger would have substantially lessened competition in Medicare Advantage and commercial health insurance markets. The AMA and its coalition partners fought vigorously on behalf of patients’ need for competition in the insurance marketplace. Bates wrote in his opinion that the proposed merger would have decreased competition substantially in the Medicare Advantage market in 364 counties nationwide.

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