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Aetna, Humana call off $34 billion deal
Aetna and Humana called off a $34 billion proposal to combine the two major health insurers after a federal judge, citing antitrust concerns, shot down the deal. The announcement Tuesday comes several days after another federal judge rejected a tie-up between two other massive insurers. Blue Cross-Blue Shield carrier Anthem is attempting to buy Cigna […]
Aetna to quit most Obamacare markets
Health insurer Aetna Inc. will stop selling individual Obamacare plans next year in 11 of the 15 states where it had been participating in the program, joining other major insurers that have pulled out of the government-run markets in the face of mounting losses. Aetna will exit markets including North Carolina, Pennsylvania and Florida, and […]
Earnings show mixed messages about health spending
Analysts who fear health spending is accelerating got plenty of evidence in Wall Street's second-quarter results to support their thesis. But so did folks who hope spending is still under control.
Aetna to buy Coventry in $5.7 billion deal
Aetna, one of the nation’s biggest health insurers, claimed a bigger stake in the burgeoning market for government-funded coverage Monday when it announced plans to buy a Maryland-based provider of Medicaid and Medicare coverage for $5.7 billion. Aetna’s proposed acquisition of Bethesda-based insurer Coventry Health Care will bolster its Medicaid business a few months before […]
Hospital stocks jump after health care ruling
WASHINGTON — Hospital stocks rose sharply Thursday after the Supreme Court guaranteed them millions more paying customers by upholding the core of President Barack Obama’s health care overhaul. Some insurance company stocks fell in choppy trading as investors fretted about the costs of rules included in the law. “For the hospitals, it means that they […]
Stocks post third straight day of gains
NEW YORK — Stocks are closing broadly higher following signs that the European financial crisis may be contained. European Union officials said Monday that the EU would take steps to prevent Greece’s problems from affecting Ireland and Portugal. Stocks gained as investors turned their attention back to the U.S. Health companies like Aetna and Humana […]
12-year case ends in $14M settlement
A breach of contract case brought by a former Maryland managed health care firm that took 12 years to wind its way through the judicial system has wrapped up with a $14 million settlement. The case, pitting the now-defunct Doctors Health Inc. against health insurer Aetna U.S. Healthcare Inc., came to settlement on Nov. 3 […]
