Legal Alert - Proposed Aetna-Humana Merger Passes Another Hurdle in Antitrust Review
by Colin P. Ahler
The proposed merger between major health insurers Aetna Inc. and Humana Inc. continues to inch closer to finalization. In a recent press release, Aetna announced that 10 states have now signed off on its proposed acquisition of Humana. The most recent approval came from Florida’s Office of Insurance Regulation (OIR) on February 15, 2016. In its consent order, Florida’s OIR concluded that the combination of Aetna and Humana would not prejudice policyholders or the public, substantially lessen competition, or create a monopoly. Although Florida’s OIR imposed some conditions on Aetna and Humana as a condition of its approval, it did not require Aetna or Humana to divest any policies or affiliates in the state.