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Federal judge blocks Aetna-Humana merger

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Federal judge blocks Aetna-Humana merger

Federal judge blocks Aetna-Humana merger*/

– A federal judge has rejected health insurer Aetna’s plan to buy rival Humana Inc. for about $34 billion and become a major player in the market for Medicare Advantage coverage.U.S. District Judge John Bates says in an opinion filed Monday that he largely agrees with federal regulators who contended that such a combination would hurt competition.Aetna spokesman TJ Crawford said the insurer was reviewing the decision “and giving serious consideration to an appeal after putting forward a compelling case.”
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Aetna-Humana shares fall after judge blocks deal on antitrust grounds

Aetna-Humana shares fall after judge blocks deal on antitrust grounds*/

– Shares of Aetna and Humana moved lower Monday after a U.S. federal judge blocked the companies merger deal, saying it violated antitrust law, according to court documents.Aetna and Humana shares were both down more than 2 percent after the news.Humana shares recovered losses and seesawed in intraday trading.
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Federal judge blocks Aetna-Humana health insurance megamerger

Federal judge blocks Aetna-Humana health insurance megamerger*/

– A U.S. federal judge blocked Aetna’s proposed $34 billion merger with rival Humana, saying it was illegal under antitrust law.(Reuters)This story has been updated.A federal judge has prohibited the merger of two health insurance giants, Aetna and Humana, upholding the Justice Department’s decision that the $37 billion deal would hurt competition and raise prices for consumers.
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