Though recent financial news for health insurers has been less than upbeat, the CEOs of Anthem and Aetna were optimistic about both their 2016 outlook and the individual market during presentations at the JP Morgan Healthcare Conference Tuesday in San Francisco.
Though they are both pursuing mergers with other companies, Cigna CEO David Cordani and Aetna CEO Mark Bertolini recently expressed very similar ideas about the benefits of health insurer consolidation and the importance of shifting to value-based payment models.
Aetna announced its third-quarter financial results Thursday, reporting operating earnings of $688.6 million--a 6 percent per share increase from the same quarter last year.
Both Aetna and Humana shareholders "overwhelmingly" approved the two insurance giants' proposed merger in separate meetings Monday--but the deal still faces hurdles in the regulatory review process.
Though divestitures are common in large-scale acquisitions, Anthem does not expect to have to make any as it closes its merger with Cigna, according to a newly released piece from Policy and Regulatory Report.
During the third of three recent hearings on consolidation in the healthcare industry, representatives from the provider community made it clear that they are not going to let the pending health insurer mergers go down without a fight.
When it comes to the rigorous review process that major industry mergers must face, how soon is too soon to declare victory? Personally, I would argue that any time before the Department of Justice...
Senators and expert witnesses alike expressed skepticism about the proposed merger deals between four of the country's largest health insurers during a hearing Tuesday on Capitol Hill.
The chief executives of three of the major U.S. health insurers currently locked in merger maneuvering have a lot to gain if takeover bids for their companies come to fruition, Bloomberg reports
In an interview with Strategy&Business, Aetna CEO Mark Bertolini discussed how the decision to raise employee wages reflects the insurer's overall strategy of becoming a more consumer-oriented and ethical company.