Deals
Aetna Threatened to Quit Obamacare If Deal Blocked by U.S.
- Deal being killed would hurt finances, Aetna wrote in July
- Health insurer plans to pull out of most ACA market in 2017
Aetna to Quit 11 ACA Exchanges in Obamacare Exit
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Aetna Inc. warned U.S. officials more than a month ago that it would pull out of Obamacare’s government-run markets for health insurance if antitrust officials attempted to block its $37 billion merger with Humana Inc.
In a July 5 letter to the Justice Department from Chief Executive Officer Mark Bertolini, Aetna said that challenging the merger “would have a negative financial impact on Aetna and would impair Aetna’s ability to continue its support” of plans sold under the Affordable Care Act. That would leave the insurer “with no choice but to take actions to steward its financial health.”