Aetna faces slim chance of winning appeal of decision to block Humana merger
Experts say Aetna is unlikely to win an appeal of a U.S. District Court judge’s decision to effectively block a $37 billion merger with Humana that would have altered the Medicare Advantage landscape.
An appeal by Aetna and Humana could allow the merger a chance to close in what some expect will be a more lenient antitrust environment under President Donald Trump’s administration. But some experts say Trump will have no bearing on the court’s ruling.
U.S. District Judge John D. Bates blocked the merger on antitrust grounds, claiming that it would substantially reduce competition in violation of antitrust law.
“Specifically, the proposed merger is likely to substantially lessen competition in the sale of individual Medicare Advantage plans in 364 counties identified in the complaint and in the sale of individual commercial insurance on the public exchanges in three counties in Florida identified in the complaint,” the order reads.
Read the entire article: Modern Healthcare