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One down, one to go?

Tuesday, February 14, 2017 13:03
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(Before It's News)

So a couple weeks ago, the Humana/Aetna “wedding” was put on hold (again) by a Federal judge.

Now, someone’s blinked:

Aetna And Humana Call Off Merger After Court Decision

Turns out, the annulment didn’t come cheaply, either:

Aetna announced it would pay Humana a $1 billion fee for backing out of the agreement”

And lest you think that was a major windfall for the latter, think again:

Humana announced about $370 million of that would be paid as taxes.”

Nice little chunk-o-change for Uncle Sugar.

Again, although I don’t really have a horse in this race, I’m not terribly disappointed: more carriers should mean more competition, which is generally a good thing, no?


[Hat Tip: FoIB Holly R]
Original content copyright © InsureBlog


Source: http://insureblog.blogspot.com/2017/02/one-down-one-to-go.html

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