Aetna announces plans to purchase Coventry Health Care

Health Insurance company merger Aetna

Aetna plans acquisition of Coventry Aetna, one of the largest health insurance companies in the U.S., has announced its plans to purchase Coventry Health Care. The acquisition is currently estimated to cost $5.7 billion and would increase Aetna’s presence in the health insurance market. The move is expected to improve the company’s standing in the changing landscape of government-funded health insurance. The acquisition is expected to take place months before millions of uninsured Americans become eligible for the Medicaid program, which could mean significant financial gains for Aetna. Acquisition may…

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Washington insurer facing fines after denying coverage for contraceptives for women

As the nation’s insurers begin to make the shift in covering birth control for women, some companies are falling behind. Washington’s Regence BlueShield, one of the state’s largest health insurance companies, is being fined by state insurance regulators for denying coverage to nearly 1,000 women. The company is now facing fines coming from the state’s Insurance Department. Insurance Commissioner Mike Kreidler was first made aware of the issue early this week when a consumer contacted his office to file a complaint. Regence BlueShield now faces a $100,000 fine for what…

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