Posted on 07/03/2015 4:40:45 AM PDT by SoFloFreeper
Aetna has reached a $37 billion deal to buy Humana.
A news release from the two companies says Aetna will acquire all outstanding shares of Humana for a combination of cash and stock valued at approximately $230 per share. The deal was unanimously approved by the board of directors....
(Excerpt) Read more at wdrb.com ...
That may be true, but any mature industry will have a “natural” tendency to migrate to a duopoly with two major competitors. Think of your big retail chains as a good example of this: Home Depot and Lowe’s, Target and Wal-Mart, etc. It’s a simple matter of taking advantage of economies of scale.
The plan was never to get rid of it. The plan was this set up so the gov could control our bodies and the elite could control the money that's extorted from us.
We've been had by our leadership.
Why are we celebrating our freedom anymore?
Good thing the 0bama alphabet agencies aren’t political!
So we know that their decisions are in the best interest of America and American free enterprise.
Remember folks...Aetna is a LIFE “INSURANCE” (investments) COMPANY.
Selling forced workers on the block.
Amazing how all those big insurance companies were in support of obamacare. They pretended not to be but it was clear they were in favor of it. They fought things like interstate competition. They didn’t want competition because the deal was for them to run the system. Now they insure more and can charge the paying customers more. The insurance executives were bought out by obama and the democrats to put the knife in the taxpayers.
Aetna has been selling health insurance for a very long time. I worked for Aetna from 1990-1995 so know what I’m talking about.
They found themselves holding the empty MBS bag.
Greece + ExtortionCare = U.S.
I’m sure that this will mean *rates* will go down?
There was a time when we didn’t let companies get so large that they cornered the marketplace. Ah, the good old days.
Look on Aetna’s written “health” declaration, they ARE a LIFE insurance company
I guess this will make the insurance companies too big to fail.
Quote...
“Aetna Life Insurance Company is a Medicare Advantage organization with a Medicare contract.”
“Aetna Medicare (sm) Plan (PPO) offered by Aetna Life Insurance Company”
(annual notice of changes 2013)
Right you are.
The largest Healthcare Insurer’s executives co-wrote the ACA / Obolacare. Since implemented, their stock prices, options, and bonuses have done very well.
However, HC ins enrollees doctors networks have shrunken, covered treatment reduced, while our out of pocket deductibles and policies have soared.
We will be single payer by 2020, particularly after the planned economic collapse necessitates government paid coverage.
Obola and company are revolutionary geniuses helped by collaborating businesses that buy the very rope and makes the noose which hangs them / us all.
Every day brings a quickening of destructive disruption.
Painful to watch slow tragic derailment that little seems can be done to correct.
for several years, my wife’s employer had health insurance from Aetna and that was years ago
Aetna is no longer just a life insurance company and has acquired quite a nice portfolio of investments. They are the flagship for the Foreign Service Benefit Plan formerly of Coventry Medical Insurance.
good summation
The situation faced by health insurance carriers over the next 10-15 years is the equivalent of a life insurance company that is forced to accept any applicant ... in an insurance pool where the average applicant is 70 years old. This cannot be sustained for very long, and these executives know it. That's why they're getting while the getting is good, and lining their pockets while they can.
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