Aetna-Humana Deal Harms Seniors, DOJ Says At Trial Start
Law360, Washington (December 5, 2016, 6:48 PM EST) -- The Department of Justice warned a D.C. federal court that a proposed $37 billion merger between Aetna and Humana would eliminate competition in the private Medicare market and raise premiums for seniors during the opening of an antitrust trial on Monday.
Lawyers representing the government, Aetna Inc. and Humana Inc. all delivered opening statements to U.S. District Judge John Bates in the high-stakes merger case Monday morning, with the court immediately afterward hearing the DOJ’s case that the merger is anticompetitive and unlawful.
The DOJ attempted to convince Bates that a combination of the health insurers would reduce competition among insurers...
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