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Aetna Announces $37 Billion Merger With Health Insurance Rival Humana
National Public Radio

In what could prove the largest-ever merger in the insurance industry, Aetna has announced a $37 billion deal to acquire rival Humana.

The agreement, announced by the Hartford, Conn.-based Aetna, “would bolster Aetna’s presence in the state and federally funded Medicaid program and Tricare coverage for military personnel and their families,” according to The Associated Press.

Word of the cash and stock agreement comes a day after Centene said it would pay $6.3 billion to buy Health Net. According to the AP, the Centene-Health Net merger “would help Centene expand in the nation’s biggest Medicaid market, California, and give it a Medicare presence in several Western states.”

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