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News Release
6/20/2016
Posted by Carmen Balber
Santa Monica, CA – The California Department of Managed Healthcare (DMHC) approved the merger of Aetna and Humana today, sanctioning unjustified rate increases and without requiring the insurer pass on any projected savings to consumers. Consumer Watchdog urged the U.S. Department of Justice, which has final merger approval authority, to...
News Story
6/20/2016
Posted by Mark Reback
Aetna and Humana are one step closer to merging after approval from the California Department of Managed Health Care (DMHC). The merger will affect about 1.5 million people currently enrolled in health plans through the two insurers. This is the third health insurance merger the department has approved. In March, the agency approved the proposed...
News Story
6/20/2016
Posted by Mark Reback
California's health plan regulator approved Aetna Inc.'s acquisition of Humana Inc. with conditions that boost scrutiny of proposed premium rate increases and require that the merged plan keep small group rate increases to a minimum. The Department of Managed Health Care negotiated commitments from Aetna to ensure the merged company would...
News Release
6/16/2016
Posted by Carmen Balber
Santa Monica, CA – The U.S. Department of Justice should adopt today's recommendation by California Insurance Commissioner Dave Jones and reject the proposed $50 billion merger of health insurance giants Anthem and Cigna, said Consumer Watchdog. Consumer Watchdog urged Commissioner Jones to reject the merger in testimony at a March...
News Story
6/16/2016
Posted by Mark Reback
California Insurance Commissioner Dave Jones urged federal officials to block the merger of health insurance giants Anthem Inc. and Cigna Corp., declaring the $54-billion deal anti-competitive and harmful to consumers. The state insurance department doesn’t have the authority to thwart the merger on its own, but Jones’ recommendation...
News Story
6/7/2016
Posted by Mark Reback
Missouri was the first state to take regulatory action against the merger of insurance giants Aetna and Humana, but consumer advocates are petitioning the state’s top insurance regulator to go even further. A handful of advocacy groups, both national and local, are calling on John Huff, the director of the Missouri Department of Insurance,...
News Story
4/25/2016
Posted by Mark Reback
The proposed $37 billion merger between health insurers Aetna Inc. and Humana Inc. will face regulatory scrutiny Wednesday in a hearing by the California Department of Insurance. The 9 a.m. hearing in Room 113 of the State Capitol in Sacramento comes on the heels of last month’s meeting over Anthem Inc.’s plan to acquire Cigna Corp....
News Story
4/5/2016
Posted by Mark Reback
The merger "would create the nation's largest insurer, which could have a significant impact on California's consumers, businesses, and the healthcare marketplace," says on consumer advocate. But few studies show "higher insurer market concentration leads to lower health insurance premiums," according to health...
News Story
3/30/2016
Posted by Mark Reback
SAN FRANCISCO — State insurance commissioner Dave Jones continued to make his skepticism clear regarding Anthem Inc.’s proposed $54.2 billion acquisition of Cigna Corp. during a hearing here on Tuesday. Company executives faced Jones and a panel of physicians and consumer advocates who questioned the benefits the companies say the...
News Release
3/29/2016
Posted by Carmen Balber
San Francisco, CA – Consumer Watchdog today called on Insurance Commissioner Dave Jones to reject a proposed merger of Anthem and Cigna that will severely restrict competition in California and is expected to cause health insurance price increases and benefit reductions for 16.8 to 33.3 million Californians. Read Consumer Watchdog’s...