DOJ Fears About Aetna-Humana Divestiture 'Silly,' Exec Says

By Jimmy Hoover (December 14, 2016, 10:33 PM EST) -- The CEO of Molina Healthcare dismissed as "silly" Wednesday the U.S. Department of Justice's claims that the company won't be able sustain $400 million worth of private Medicare contracts purchased from Aetna Inc. and Humana Inc. before their proposed merger, rebuffing one of the government's principal arguments in an antitrust trial seeking to block the $37 billion Aetna-Humana deal.

Dr. Joseph "Mario" Molina, whose father founded Molina in 1980, said the Long Beach, California-based managed care company will easily be able to shoulder 290,000 Medicare Advantage plans that Aetna and Humana are planning to divest to ease competition concerns about the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!