Judge: Aetna lied about quitting Obamacare

The complaint alleged that a combined Aetna and Humana would substantially reduce competition for the sale of Medicare Advantage - a form of Medicare coverage provided by private insurers -and health insurance to individuals through the public exchanges. The plan, though, has languished for months while seeking federal approval. He added Aetna and Humana "presented evidence of how unprofitable the public exchanges around the country were, and argued that Aetna withdrew as a business decision". "He added that it would be hard, though not impossible, for Aetna to wait for Trump's new antitrust enforcers to be named and then strike a settlement to save the merger, perhaps by offering to divest more assets", Bartz writes. The reason Aetna gave at the time was business based.

According to the investing website, three analysts who follow Humana were pessimistic now about the Louisville-based company's chances of merging with Aetna, a Hartford, Conn. -based health insurance company.

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As I've noted before, it would be a mistake for Democrats to withhold cooperation unconditionally. Schumer embraced the role of chief opposer to Trump in full.

Joining the Justice Department in the lawsuit were the District of Columbia and the States of Delaware, Florida, Georgia, Illinois, Iowa, Ohio, Pennsylvania and Virginia. The challenge to the $37 billion merger was among the last major law enforcement actions taken by Obama Administration antitrust officials, reported The Wall Street Journal.

In August, the month after the Justice Department's decision was made, Aetna officially left numerous Affordable Care Act exchanges.

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Yahya Jammeh, accused of serious rights violations, flew out of Banjul late on Saturday night after leading Gambia for 22 years. The Economic Community of West African States (ECOWAS) deserves praise for standing with the people of Gambia and for democracy.

The executives also said the companies will remain focused on their respective operating plans while assessing potential outcomes - which are expected to include an appeal of Monday's ruling by U.S. District Court Judge John Bates, revising the merger terms in a bid to overcome Department of Justice opposition, or scuttling the deal. There is insufficient evidence to conclude that Humana's market share will decline such that the merger would not increase market concentration or that the markets are too volatile to reasonably predict the anticompetitive effects of the merger. "Never thought we would pull the plug all together".

The judge ultimately decided that Aetna would be likely to continue to offer exchange plans in one of the states, Florida, because the business was profitable, even though the company said it was a business decision.

This is the deal Yahya Jammeh signed before stepping down (READ)
Former Gambian President Yahya Jammeh left Saturday night Banjul, for an exile in Guinea, local medias reported Saturday night. Jammeh announced Saturday that he would step down from power after last-chance talks with leaders from West African countries.

Jonathan Mayhew runs Aetna's exchange business and that the company should pull out of the exchanges altogether because it "has continued to deteriorate as the year has progressed". Neither of defendants' rebuttal arguments is persuasive.


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