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Aetna CEO Threatened Obamacare Pullout If Feds Opposed Humana Merger
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| Contributor | RP |
| Last Edited | RP Aug 17, 2016 11:56am |
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| Category | General |
| Author | Jonathan Cohn and Jeffrey Young |
| Media | Website - Huffington Post |
| News Date | Wednesday, August 17, 2016 06:50:00 AM UTC0:0 |
| Description | Give us our merger or we’ll quit Obamacare, the insurer told Justice Department officials in a July letter.
The big health care news this week came from Aetna, which announced on Monday it was dramatically scaling back participation in the Affordable Care Act ― thereby reducing insurer competition and forcing customers scattered across 11 states to find different sources of coverage next year.
Aetna officials said the pullout was necessary because of Obamacare’s problems ― specifically, deep losses the insurer was incurring in the law’s health insurance exchanges.
But the move also was directly related to a Department of Justice decision to block the insurer’s potentially lucrative merger with Humana, according to a letter from Aetna’s CEO obtained by The Huffington Post. |
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