Ritter Insurance Marketing, Craig Ritter

DOJ Grants Preliminary Approval on CVS-Aetna Merger

The Department of Justice granted preliminary approval for CVS and Aetna to move forward with their $69 billion merger, signaling a potential change in how many American consumers access health care. On September 27, Aetna announced their agreement to sell their Medicare Part D drug plan business to WellCare Health Plans to ease…

11 Oct 18
Posted By:

Aetna to Sell Medicare Part D Business to WellCare Health Plans

Plans for the Future Aetna has agreed to sell the assets from their Medicare Part D business to WellCare Health Plans in hopes of greasing the rails for approval of its merger with CVS. The financial terms of the transaction have not yet been disclosed. However, the deal is contingent upon approval from…

28 Sep 18
Posted By:

Cigna-Express Scripts Merger Gets Antitrust Approval

Updates on Upcoming Mergers Cigna has received antitrust approval for their acquisition of Express Scripts. The deal is predicted to fully close by the end of 2018. This is also good news for the CVS-Aetna merger, as that antitrust approval is still in the works. Cigna’s acquisition of Express Scripts was first announced about…

19 Sep 18
Posted By:

CVS-Aetna & Cigna-Express Scripts Deals Likely to Get Approval

The Department of Justice (DOJ) is reportedly very close to approving the mergers between CVS and Aetna and Cigna and Express Scripts. Those familiar with the deals predict the DOJ’s formal antitrust approvals will come within the next several weeks. Update on the CVS-Aetna Merger Regulators reportedly have some concerns that the almost $70 billion deal between…

CVS to Merge with Aetna in $69 Billion Deal

On Sunday, CVS Health announced its plans to buy health insurance giant Aetna in a $69 billion deal. Each company’s board of directors fully supported the move. CVS Health (CVS) is a leading pharmacy benefits manager that serves approximately 90 million plan members. Aetna, a health care benefits company, serves roughly 44.6 million individuals as…

4 Dec 17
Posted By:

Aetna CEO Sparks Single-Payer Health Care Discussion

During a recent private meeting with shareholders, Aetna CEO Mark Bertolini suggested Americans should start the discussion about single-payer insurance, but does it mean what we think it means? Leaked discussion reports him saying, “Single-payer, I think we should have that debate as a nation.” Why would the CEO of America’s fifth-largest private insurance company…

1 Jun 17
Posted By:

Aetna-Humana Merger Blocked

Federal Judge John Bates handed down his decision to block the Aetna-Humana merger Monday. He addressed the $37 billion-dollar merger in a 156-page ruling. “In this case, the government alleged that the merger of Aetna and Humana would be likely to substantially lessen competition in markets for individual Medicare Advantage plans and health insurance…

23 Jan 17
Posted By:

Ruling in Aetna-Humana Merger Expected Soon

A ruling from U.S. District Court Judge John Bates in the case of Aetna-Humana vs. Department of Justice should be coming soon. The Department of Justice (DOJ) seeks to block the merger, fearing monopolies in the Medicare Advantage (MA) and Affordable Care Act (ACA) markets — though Aetna has left the ACA market in most states….

20 Jan 17
Posted By:

Aetna-Humana v. Department of Justice Begins

Monday marked the start of the Department of Justice’s anti-trust lawsuit against the Aetna-Humana merger. Last July, Aetna announced their intention to buy rival Humana. A few weeks later, Anthem and Cigna announced their merger. This July, the Department of Justice filed suit against both proposals, dubbing the sales an “unprecedented consolidation in the health insurance…

6 Dec 16
Posted By:

Aetna and Banner Health Network Form New Health Plan

Amidst potential mergers and shutdowns, Aetna and Banner Health Network (Banner) have announced that they plan to form a new joint venture health insurance plan in Arizona. Aetna and Banner’s History This isn’t the first time that Aetna and Banner have teamed up. Rather, this new effort expands upon the success of their jointly…

9 Nov 16
Posted By:

© Ritter Insurance Marketing