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Five-Way Dating Drama Spices Up Staid Health Insurers: Real M&A

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Deal drama is heating up the world of health insurance.

The biggest U.S. providers -- UnitedHealth Group Inc., Anthem Inc., Aetna Inc., Cigna Corp. and Humana Inc. -- are all looking at possible combinations. After a two-year lull in managed-care dealmaking, buyers are feeling more comfortable with the implications of the Patient Protection and Affordable Care Act and ready to put cash to work on deals.