May 25th, 2016 | By: Bob Herman
However, Aetna and Humana have 30 days to “submit a plan to remedy the anti-competitive impact of the acquisition.” That likely means the state may push the health insurers to divest Medicare Advantage plans in areas where competition would have been smothered.
But some antitrust experts aren’t convinced selling off assets to another insurer will solve all concerns. And Missouri’s decision raises questions and widely differing opinions about how to define competition in Medicare.
“The history of divestitures curing antitrust problems is a very shady history, and that’s especially true for insurance companies,” said Barak Richman, an antitrust law professor at Duke University. “It usually does not create a meaningful competitive counterforce.” Read article here.