July 10th, 2015 | By: Paloma Nazar
The 2010 healthcare law was supposed to promote competition among insurers, and for many policyholders it’s done just that. These days, though, the insurance industry is going through a wave of mergers that threatens to leave the consumer with fewer choices. Aetna’s $37 billion purchase of Humana, the second-largest provider of Medicare Advantage policies, and Anthem’s pursuit of Cigna seek to consolidate power in the market for employer health plans. The obvious risk posed by the current merger wave is that the Medicare Advantage and Medicaid HMO markets in some states could become dominated by a single insurer, raising prices for consumers and potentially driving doctors out. Read article here.