AMA: Insurance Company Mergers Threaten Competition
The American Medical Association said the proposed merger deals involving the nation's four largest insurers could do harm to consumers and doctors.
Bloomberg:
Anthem, Aetna Deals Threaten Competition Across U.S., AMA Says
The market for health-insurance in the U.S. is already so highly concentrated that pending tie-ups among four of the country’s largest insurers risk hurting both consumers and doctors, the American Medical Association said. Anthem Inc.’s proposed takeover of Cigna Corp. and Aetna Inc.’s bid for Humana Inc. would reduce competition among insurers in 154 metropolitan areas, worsening already concentrated markets, the organization said in studies released Tuesday. The mergers could cause premiums to go up and decrease payments to doctors, the AMA said. (McLaughlin, 9/8)
CNN Money:
AMA Says Insurance Mergers Will Raise Premiums And Hurt Quality Of Care
The American Medical Association says the proposed mergers between four of the nation's largest health insurers will drive up costs for patients and hurt the quality of care. In a study released by the physicians' trade association, the AMA argues that insurance competition would be significantly reduced in 97 metropolitan areas spread across most states. It's calling for the mergers to be blocked. (Isidore, 9/8)
Reuters:
U.S. Doctors Group Says Planned Health Mergers Anti-Competitive
The leading U.S. physicians' organization said on Tuesday that two proposed mergers of U.S. health insurers worth tens of billions of dollars could lead to higher prices in 17 states for companies that buy insurance for their workers or people who buy their own insurance. Aetna Inc announced plans to buy smaller rival Humana Inc in early July and Anthem Inc agreed to buy Cigna Corp later that month. Both mergers are being reviewed by the U.S. Department of Justice and state insurance officials. (Bartz and Humer, 9/8)
