Consolidation in US Health Insurance Industry

Health insurer Cigna (CI.N) is in merger talks with Humana (HUM.N), a source familiar with the matter said on Wednesday, potentially marking the latest in a long string of deals aimed at consolidation of the industry. The U.S. Department of Justice, citing the prospect of higher prices, in 2016 successfully sued to stop two proposed mega mergers: Anthem’s – now Elevance Health (ELV.N) – planned $54 billion purchase of Cigna and Aetna’s proposed $34 billion acquisition of Humana. The companies said those proposed deals were triggered by the Affordable Care Act, which was fully implemented in 2014. Here is what has happened in deals involving health insurers since the law went into effect.

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Source: https://www.reuters.com/markets/deals/consolidation-us-health-insurance-industry-2023-11-30

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