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Health insurance mega-deals aren’t winning over a key party: large employers
Modern Healthcare

Federal and state insurance regulators are determining the fate of the pending health insurance mergers, and many large employers won’t be disappointed if officials torpedo the deals.

Several surveys of Fortune 500 companies and other big employers reveal nervousness that the reduced competition among health insurers will mean higher healthcare costs for them.

“Anytime you have a limited market and limited number of key players and they come together, that’s not a great thing for a purchaser,” said Larry Boress, CEO of the Midwest Business Group on Health. His coalition surveyed employer members this past December, and 95% of respondents viewed the loss of competition as negative.