Here are five things to know:
1. Per the approval agreement, Aetna will cap premium hikes in the small group market, and allow for more state oversights of the payer’s rates.
2. Additionally, Aetna will maintain various decision-making functions in California and will invest in several health initiatives.
3. Through the acquisition, Aetna would become a leading player in the Medicare Advantage business.
4. Aetna and Humana are still awaiting U.S. Department of Justice approval.
5. Following the announcement, Aetna shares increased 1 percent, reaching $112.34. Humana shares jumped 1.5 percent, hitting $189 on June 21.
More articles on coding & billing:
Why antitrust regulators remain skeptical about the Anthem-Cigna merger & how this may impact the $48B deal: 6 key notes
White House to provide states $22M to fight premium hikes: 6 key points
Andy Slavitt talks CMS goals at 2016 AMA meeting — 4 things to know
