Posted on 07/24/2015 3:52:55 AM PDT by markomalley
Anthem said on Friday it would buy Cigna in a deal valued at $54.2 billion, creating the largest U.S. health insurer.
Cigna shareholders will get $103.40 per share in cash and 0.5152 Anthem shares.
The deal comes three weeks after Aetna struck a deal to buy Humana for $37 billion and is part of an industry-wide consolidation of the health insurance industry following the roll-out of the Obama government's health-care reform law.
The fact that anyone who espouses the views Sanders does is anywhere near public office in the US is scary, let alone that he is actually running for the Presidency.
Single payor here it comes!
If there's anything that could possibly be worse than gov't single payer, it's corporate monopoly single payer.
(Hmmmmm, the cable company versus the Department of Motor Vehicles, which is best?)
Bernie has a strong following of college kids and old liberal hippies who are salivating at the prospect of socialism with its promise of free health care, free college tuition, free everything. When I try to explain to some of them the downsides of socialism, all I get is a blank stare. It’s amazing how thoroughly brainwashed these worshipers are. Pointing them to socialist disasters like Greece or Venezuela doesn’t help. They think those train wrecks couldn’t happen here.
yeah, the problem is, college kid age now extends into the 30s it seems....taking 6-7 years for undergrad, then getting 1 or 2 more post grad degrees too...and these people develop their universe around a college campi and never ever enter the real world...
the fewer competitors, the less competition and the slide to single payer continues.
Damn... i guess CT will lose another company.... CIGNA’s HQ is beautiful...on a nice campus.
What's happening is Fascist single payer. Aetna will get massive profits and set the rules, and US citizens will be forced to purchase a policy.
If the DC crowd would just vote to drop the mandate, the mess would die a natural death.
No anti-trust or monopoly issues what so ever. /s
It was nicer when it was a Dairy farm, I remember going there as a kid getting milk and eggs.
Anti-Trust Laws, what are those?
The problem is that, barring some incredibly aggressive reversal by a fearless political party (won't happen) we are down this path for quite a while.
Medicine has already been irrevocably changed. It is now run by those who know the least, but think they are finally bringing ‘quality’ and ‘oversight’ to the medical system. They aren't, and they are actually more expensive (by a lot) than practicing physicians are, but they are currently empowered.
They have successfully changed the mores of medicine. The most upbeat, pro-patient, tireless physicians I've known in my professional life are now cynical, tired, and not willing to give up their personal lives like before. It's another ‘success’ for the social engineers.
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