California Clears CVS-Aetna Merger

November 16, 2018

This huge merger we've been following for over a year is wrapping up.  California was most concerned with Aetna attempting to raise health insurance premiums due to the increased costs of the merger.  In order to pas California regulations, CVS and Aetna have promised to "not increase premiums as a result of acquisition costs." 

 

 

“Our primary focus in reviewing a health plan merger is to ensure compliance with the strong consumer protections and financial solvency requirements in state law,” Rouillard said in a statement accompanying the department's conditions for approving the deal. “The Department thoroughly examined this merger and determined enrollees will have continued access to appropriate health care services and also imposed conditions that will help increase access and quality of care, remove barriers to care and improve health outcomes."

 

https://www.forbes.com/sites/brucejapsen/2018/11/15/california-clears-cvs-aetna-deal-after-concession-to-not-increase-premiums/#4556a0a69814

 

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