Posted on 07/24/2015 7:50:29 AM PDT by SeekAndFind
In another merger of health insurance giants, Anthem has agreed to acquire Cigna in a $54 billion deal.
Anthem (ANTM), a Blue Cross and Blue Shield insurer, said it would buy all of Cigna's (CI)shares in a cash and stock transaction.
The deal is expected to close in the second half of 2016, if it passes state regulatory approvals and other requirements. The merged insurer would cover 53 million members.
The merger would leave only three major players in the insurance industry.
Earlier this month, Aetna (AET) struck a deal to buy Humana (HUM) for $37 billion, which would cover 33 million members.
(Excerpt) Read more at money.cnn.com ...
Anti-Trust Laws? Never heard of ‘em.
0bamacare at work again.
Destruction is the ONLY type of "work" dems seem to understand.
ahhh...RATS should love this deal....mergers eventually get ‘em to single payer.
This will be bad. Much worse than the airline consolidations in terms of what it means for the average citizen (or, should I say, COMRADE).
Next up— Nationalization of the 3 remaining insurance companies, which nationalizes all of the smaller agencies who carry them.
Then, rates soaring over 300% as cost factors of carrying obamaumaocare deadbeat homeless, illegals, AIDS, ER admissions and a host of other impacts-— the nationalized “too big to fail” govt. insurer will have to be “bailed out” by the same taxpayers who are “covered”. The country will be totally destroyed at that point.
We really only need one insurance company . . . ran by the government. They can give us guidelines over who gets what level of healthcare, if any. Secret medical tests could be done without consent/knowledge this way. All in the name of science or even political science for the enemies of the state/regime. A pattern emerges.
If you like your insurance (company), you can keep your insurance (company).
“We don’t have to care, we’re the Insurance Company.”
So the people who had a big security breech are taking over the ones who have managed to keep my information safer for years?
This scenario is already here.
The free market to work needs players battling it out for the consumers business...
Only one player...they dictate...
We liked Cigna. Now we are with Aetna (not our choice) and have a PPO. Even with a PPO, Aetna told me I needed a referral to see a specalist for a problem for which I was being previously treated, but am no longer able to go to my previous doctor as he doesn’t take Aetna. We bought the PPO so we could go to doctors of our own choice. But to Leftists, ‘choice’ only means the ‘right to an abortion’, not actually being able to see the doctors you have been seeing for years. The Government is already controlling our health care......they just aren’t yet upfront about it.
“WE don’t care. We don’t have to care. We’re the Federal Government Insurance Company.”
Only 3 golden parachute packages now needed to get Single Payer.
The beauty of it is the fact that skyrocketing health insurance rates only affect people who actually work for a living. The illegals, the welfare crowd, the unemployable Lesbian History PhD's get free Obamacare.
Democrats did want single payer.
If Blue Cross Blue Shield went bankrupt and was forced to close I would consider it one of the most hilarious events in a decade. They have been a huge backer of all of this. They pulled a stunt in Tennessee back around 1993 that sounded like pages out of Barry and Nancy’s playbook. Look up Tenncare and Blue Cross. They ran roughshod over Tennessee doctors to get a system called Tenncare established to replace Medicaid. They also ran full page scaremonger adds telling people to call their state assembly members to support Tenncare. So what HMO ended up with the majority of Tenncare patients? BC/BS
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.