from tHEORetically Speaking: The HealthEconomics.Com Blog at http://bit.ly/2IfLE9q on March 31, 2018 at 04:58PM
Humana’s shares posted a 12 percent rise in after-hours trading following news of a potential merger with Walmart, which saw a one percent drop.
The deal would become the latest in a series of mega deals to shake up the health care industry. Cigna announced plans earlier this month to buy Express Scripts for roughly $67 billion. CVS and Aetna shareholders have also approved the drugstore’s buyout of the insurer.
Humana is already in the process of acquiring Kindred Healthcare, a long-term care provider.
According to Fierce Healthcare, The American Antitrust Institute in a March 26 letter to the U.S. Justice Department said the “insurer systems that would dominate the markets would have weak, if any, incentives to compete.”
To read more on the Walmart-Humana deal on Fierce Healthcare, click here.