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 ...
Yep. Break up AT&T, but create other monopolies that benefit your ideological goals. The only consistency they have, is to be consistently hypocritical.
“This cannot be sustained for very long, and these executives know it. “
True, and it can’t be sustained by a public health system either, which is why ALL public health systems eventually ration care.
Rationing is necessary in any arrangement where the customer and the provider of a product or service do not engage in a direct business transaction. In other words, the basic principles of economics do not apply when the customer deals with the provider but has a third party pay the bill. This is true regardless of whether the third party is a government or a private company.
I think we’re already in full blown Fascism.
And as we’ve warned time after time, this is a “live heads off the block” selling of human body mortgages deception.
Destroy is the only mission Obama is on his term in office has proved it and his last year that will be the kicker to complete his goal.
Corpporation are find and dandy with ObamaCare, open borders, and many liberal policies. The governance seen in the original version of “Rollerball” is a likely scenario.
Chubb just got bought out by Ace too. Cramer I think was predicting another insurance buyout as well.
I just don’t see how this can be good for consumers.
We are moving closer yet to a Single Payer system. Like Marvin Gaye, make me wanna holler.
Centene to Buy Health Net for $6.3 Billion
Deal between Medicaid insurers boosts Centene’s presence in western U.S.
“Changes brought on in part by the Affordable Care Act have prompted major players in the health-insurance industry to consider mergers that could help them cut costs and reap other benefits.
In recent months, UnitedHealth Group Inc. has approached Aetna Inc. about a takeover deal, while Anthem Inc. has approached Cigna Corp., The Wall Street Journal has reported. Meanwhile, the Journal has also reported that Aetna and others are considering buying Humana Inc.
For its part, Centene expects the deal to make it one of the largest Medicaid managed-care organizations in the country with about 6 million members. Los Angeles-based Health Net has a presence in Western states including California, which has the country’s largest Medicaid program, Arizona, Oregon and Washington.”
http://www.wsj.com/articles/centene-to-buy-health-net-for-6-3-billion-1435835955
....once SCOTUS made its unconstitutional ruling, the green light came on: merge, destroy any small insurance company competition, assimilate with the federal bureaucracy, ruin freedom.
Yep which is exactly why the token RINO Jeb will be nominated and him and Hitlery will play act out debates and surprise, surprise Hitlery will win the election.
Ive had to deal with 3 claims over my 70+ years and never got a fair break in any of them. Screw them.
Yep. Prices will go up, and quality will go down.
The next show up is, "see, the government must take over because of the problem."
America is in decline. Reminds me of Rome.
5.56mm
What are doing on Free Republic, if that is how you feel? Or wait, are you joking?
That said, I understand what sounds like your predilection for a market driven system. However, having health care be strictly fee for service, in a standard market driven manner, is problematic because modern care involves so many different people and the need for a substantial infrastructure.
A lot of people in Louisville are justifiably freaking out about this, knowing that their jobs will be eliminated as redundant to those at Aetna HQ in ... Connecticut.
Too bad. Louisville replaced a perfectly good Conservative Congresswoman (Anne Northup) with unrepentantly Liberal and pro Obamacare John Yarmouth. And they put faux Conservative Democrat and pro Obamacare Brashear into the Governorship.
Outside of military facilities and personnel, government-run health care didn't exist in any substantial way until Medicare and Medicaid were implemented in the 1960s as part of Lyndon Johnson's "Great Society" socialist entitlement programs.
However, having health care be strictly fee for service, in a standard market driven manner, is problematic because modern care involves so many different people and the need for a substantial infrastructure.
I'm not sure I understand your point here. The production and sale of an iPhone involves so many different people and the need for a substantial infrastructure, but somehow Apple manages to get it done without having its customers submit claims to a government agency or insurance company in order to buy one of them.
The good news for Louisville is that Connecticut is in the process of implementing major state tax hikes, and the big insurance carriers have all warned the governor that they’re going to scale back or close down their operations there if it happens.
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