Aetna Purchasing Coventry in $5.7 Billion Deal, Expanding Medicare/Medicaid Business
Even more consolidation is expected in the insurance industry as ObamaCare comes into effect
Aetna, one of the nation's biggest health insurers, staked a $5.7 billion claim in the burgeoning market for government-funded coverage Monday when it announced plans to buy fellow insurerCoventry Health Care.
The Hartford, Conn., company's proposed cash-and-stock acquisition of Coventry will bolster itsMedicaid enrollment months before millions of uninsured Americans are expected to become eligible for coverage through that state-federal program as part of President Barack Obama's massive health care overhaul.
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?