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Pending Insurance Mega-mergers Are Bad Medicine for Washington, DC

Monday, November 28, 2016   (0 Comments)
Posted by: Pia Duryea
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Pending Insurance Mega-mergers Are Bad Medicine for Washington, DC

November 28, 2016 – Last week, on November 21, 2016, the lawsuit against the proposed Anthem-Cigna merger filed by U.S. Department of Justice and numerous state Attorneys General, including Attorney General of the District of Columbia Karl Racine, went to trial. On December 5, 2016, a second lawsuit against the proposed Aetna-Humana merger will go to trial. The U.S. Department of Justice and Attorney General Karl A. Racine deserve credit for joining forces in a legal challenge to prevent these unprecedented merger deals.

The pending blockbuster mergers are bad medicine for Washington, DC, and they threaten health care access, quality and affordability, according to the American Medical Association (AMA) and the Medical Society of the District of Columbia (MSDC). Both organizations believe that the proposed mergers amount to a grab at anti-competitive market power that would quash competition in health insurance markets.

“The proposed mergers would hasten health insurance consolidation and would indirectly impact DC's highly concentrated health insurance market,” said MSDC President Julian Craig, M.D. Concerned about the impact on patients and physicians of our Nation’s Capital, Dr. Craig stated, “Patients tell me that their health plan networks are already too narrow and that their premiums are already too high. Additional consolidation would allow large insurers to influence the scope, coverage and quality of health care and exercise control over clinical decisions, weakening the patient-physician relationship.”

Read the full release.

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