This from a WSJ article and AMA email:
UnitedHealth and Anthem, the two largest US health insurers by revenue, are looking to purchase smaller rivals to trim costs and keep profits expanding due to an increase in enrollment under the Affordable Care Act. UnitedHealth, which has a market value of over $100 billion, has already made a preliminary takeover approach to Aetna Inc., which has a market value of $42 billion. Meanwhile, Anthem and Cigna Corp. have been engaged in acquisition discussions for months, although Cigna has rebuffed Anthem’s most recent advances.
Wow. How is this even possible? We need more competition and not less! These companies, who fully supported the ACA, are now getting to cash in and we are all left holding the bag. What a back room deal they must have received. Most of us are paying more in taxes both for the ACA as well as for higher insurance premiums. And the beauty is that we have no choice because this is the law! Now the insurers are trying to Borg up and become one evil giant. Why is no one stopping them? Are you kidding me?Tweet