|Last 24 Hours:|
And another block
Friday, February 10, 2017 12:14
% of readers think this story is Fact. Add your two cents.
(Before It's News)
Last month, the new administration followed through on the previous admin’s threat to put the kibosh on the proposed Humana/Aetna merger:
“A U.S. federal judge blocked the companies merger deal, saying it violated antitrust law.”
Fast forward a couple weeks, and we get similar news on the other big merger story:
“[Wednesday], the U.S. District Court for the District of Columbia issued a decision granting the Department of Justice’s request to block Anthem’s acquisition of Cigna.”
As expected, Anthem’s “disappointed” in this latest setback, and has vowed to press forward through the legal system to obtain a favorable outcome.
I’m ambivalent about the whole thing, but tend to come down on the side of “competition is good;” that is, I’m not terribly upset with this latest development.
Time, of course, will tell.
Original content copyright © InsureBlog