Category: Health Care
This is the second consecutive year that federal officials extended the deadline for consumers to sign up for coverage through Affordable Care Act marketplaces. By the start of this week, about 4 million people had chosen ACA plans. Obama administration officials estimated that more than 11 million will be covered through ACA in 2017.
Bad news for consumers. Anthem-Cigna merger hearing has been post-poned by the MO Dept of Insurance. A Missouri hearing would have given the department the opportunity to look into how the merger would affect MO consumers before it goes to a federal judge.
The department held a similar hearing for the merger between Aetna and Humana and ruled against this merger. A similar decision would have been important for the federal judge to know before ruling.
Today marked the first day of the federal trial over the proposed Anthem-Cigna merger which would create the nation’s largest health insurance company. Government antitrust lawyers are attempting to block this $48 billion deal which threatens to reshape the U.S. market for health coverage.
Consumers should pay attention to the largest merger in the history of the health insurance industry.
The U.S. Department of Justice is challenging what it says is the largest merger in the history of the health insurance industry. On Monday, the Justice Department will begin arguing its case against Anthem’s $54 billion acquisition of Cigna Corp.
This merger would be particularly painful for St. Louis area consumers where these two insurers have a significant portion of the market share.
The Affordable Care Act made health insurance accessible for millions of Americans. But rising rates, a lack of transparency in policy changes and little oversight in the process puts the entire system at risk.
Rates in MO are rising by alarming rates and the data behind these rates hikes are questionable.