Order: Aetna/Humana deal would violate Missouri’s standards
Medical Association of Georgia Executive Director Donald J. Palmisano Jr. reports that the Missouri Department of Insurance, Financial Institutions and Professional Regulation has issued an order that says that the proposed merger between Aetna and Humana would violate competitive standards and that the health insurers would not be allowed to conduct business in the state if the merger goes through – though the companies will be given additional time to propose corrective action.
“This is great news for organized medicine,” says Palmisano. “The American Medical Association and the Missouri State Medical Association should be applauded for their efforts to oppose the merger.”
Palmisano also expects Georgia’s Office of Insurance to schedule a hearing on the subject in the near future.
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