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Big health insurance mergers rack up $400 million in legal and banking fees
Modern Healthcare

While regulators and consumers debate the merits of the large pending health insurance transactions, attorneys and financiers are seeing their incomes grow.Aetna, Anthem, Cigna Corp. and Humana cumulatively have spent more than $400 million on armies of lawyers, investment bankers and other advisers who have crafted and advocated for their respective mega-mergers. That money covers after-tax expenses from when the deals were announced last summer through the end of this year’s first quarter on March 31.It’s been almost a year since the largest players in the health insurance industry publicly revealed their pursuits.