Aetna to buy Humana for $37 billion
Health insurer Aetna said Friday that it would buy smaller rival Humana for $37 billion in the insurance industry's biggest deal ever. Antitrust regulators will have to review how the acquisition would affect competition. If the deal goes through, the combined company will have about $115 billion and 33 million members, nearly as many as No. 2 carrier Anthem. The deal could be the start of a wave of consolidation that was on hold before last week's Supreme Court ruling upholding ObamaCare subsidies nationwide.
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Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.
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