Aetna's ACA Vendetta Gets Called Out In Merger Ruling
Law360, New York (January 23, 2017, 8:37 PM EST) -- Aetna didn’t just see its $37 billion merger with Humana blocked on Monday — a D.C. federal judge also accused the insurance giant of abandoning Affordable Care Act marketplaces to wound the Obama administration and evade antitrust scrutiny.
The dressing-down from U.S. District Judge John D. Bates endorsed the suspicions of many critics who accused Aetna Inc. of ditching certain ACA exchanges as retribution for the merger challenge, as opposed to business reasons. Although Aetna had previously cited financial considerations in dialing back its ACA participation, Judge Bates said Monday that the move boiled down at least partly to retaliation against...
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!