Channel Sponsor - Coding/Billing/Collections

Sponsored by National Medical Billing Services | info@nationalASCbilling.com | (636) 273-6711

Illinois Department of Insurance approves $37B Aetna, Humana merger: 4 key points

The Illinois Department of Insurance approved Aetna's acquisition of Humana, which is valued at $37 billion, according to St. Louis Business Journal.

Here are four key points:

1. Specifically, Acting Director Melissa Dowling approved the payer merger, pending federal government approval.

2. The Illinois regulator claimed the merger will not limit the number of payers operating in Illinois that offer Medicare Advantage plans. Additionally, those who have MA coverage can shift to a traditional Medicare plan if they are not satisfied with their MA plan at a later date, the order states.

3. In May, a Missouri Department of Insurance order blocked the insurance companies from selling different insurance policies in Missouri if Aetna and Humana complete the merger.

4. Missouri Department of Insurance's order claimed the merger violated Missouri's competitive standards law in both the small group and individual marketplaces.

More articles on coding & billing:
Anthem exec. indicates plans to buy Aetna assets; is the payer bowing out of its Cigna deal? 5 key thoughts
Pennsylvania 'medical homes' cut costs for Medicaid patients by $4k+: 5 takeaways
Pharmaceutical industry attacks payers over drug prices — 5 things to know

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months