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.