Tag Archives: U.S. Justice Department

Aetna Latest Insurer Pulling Back on Obamacare Plans

Aetna Inc. (Hartford CT) said it will reduce by more than 500 U.S. counties its participation in public exchanges under the Affordable Care Act in the face of hundreds of millions of… Read more »

UnitedHealth 2Q Profit Falls 51%, But Don’t be Misled by the Merger Mania and What UNH Stands to Gain

UnitedHealth Group Inc. (Minnetonka MN) posted strong earnings for its latest quarter as revenue continued to surge in its pharmacy-services business. The company, which is the biggest U.S. health insurer, also gave… Read more »

Department of Justice Sues Anthem, Aetna to Block Insurer Mergers

Anthem Inc. (Indianapolis IN) said its proposed $48 billion merger with rival health insurer Cigna Corp. (Bloomfield CT) will lower consumer costs and extend coverage to more people, in response… Read more »

Aetna Said to Meet with DOJ on Friday about Humana Deal

Aetna Inc. (Hartford CT) executives met with top Justice Department antitrust officials on Friday to convince the government that asset sales it proposed would address potential competitive problems that could… Read more »

Anthem Says No Talks To Terminate Merger With Cigna

The Justice Department has told Anthem Inc. (Indianapolis IN) that the health insurer’s planned takeover of Cigna Corp. (Bloomfield CT) threatens competition and probably can’t be fixed by selling parts… Read more »

U.S. Health-Fraud Stings Net 301 People; A Record

U.S. law enforcement officials have charged 301 suspects with trying to defraud Medicare and other federal insurance programs in 2016, marking the “largest takedown” involving healthcare fraud allegations, the Justice… Read more »

Pfizer Pays $785 million to Resolve a 14-year-old Lawsuit

Pfizer Inc. (New York City) agreed to pay nearly $785 million to resolve a 14-year-old lawsuit claiming its Wyeth unit overcharged the government by hiding the discounts it was giving… Read more »