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Aetna hoped to forego smaller profits from these exchanges to access larger profits with the acquisition of Humana. By withdrawing from those markets where Huma
by elipsey 10y ago
Aetna hoped to forego smaller profits from these exchanges to access larger profits with the acquisition of Humana. By withdrawing from those markets where Humana was competing with Aetna, Aetna could then claim that the merger would not reduce competition between insurance providers. Also, article claims that participation in ACA exchanges was privately used as a bargaining chip to pressure the DOJ into allowing the merger.
From article:
"Aetna tried to leverage its participation in the exchanges for favorable treatment from DOJ regarding the proposed merger." — U.S. District Judge John D. Bates
- a3n 10y ago"Aetna could then claim that the merger would not reduce competition between insurance providers." But the merger did reduce competition, because of Aetna's withdrawal to (they thought) enable that very merger. "We'll just kill your chickens before we let our chicken hound run free. See? Our hound won't kill your chickens." "The cynicism ... the cynicism ..."
- elipsey 10y agoI didn't mean to evaluate any particular claim, only to use my modest powers of reading comprehension to helpfully summarize the article :)
- a3n 10y agoAnd I understood your comment exactly that way. I actually tried to think of how to make that obvious, but couldn't in the time I gave myself. Have a good day, citizen. :)