News Headlines Article

Mergers of health insurers bode ill for our well-being
San Francisco Chronicle

The Supreme Court’s recent blessing of Obamacare has precipitated a rush among the nation’s biggest health insurers to consolidate into two or three behemoths. The result will be good for their shareholders and executives but bad for the rest of us, who will pay through the nose for the health insurance we need. We have another choice, but before I get to it, let me give you some background. Last week, Aetna said it would spend about $35 billion to buy rival Humana in a deal that will create the second-largest health insurer in the nation, with 33 million members.