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California Insurance Commissioner Weighs In Against Aetna-Humana Deal
Kaiser Health News

California’s insurance commissioner on Thursday recommended that federal officials block Aetna Inc.’s proposed $37 billion acquisition of Humana Inc., saying the deal would suppress market competition and harm consumers.

The official opinion of Dave Jones came just three days after California’s other health insurance regulator, the Department of Managed Care, approved the planned transaction. Just a week ago, Jones urged the federal government to block another mega-merger, Anthem Inc.’s $54 billion offer for Cigna Corp, also on competitive grounds.

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