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...
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