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AETNA Vows to Fight For Merger

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-From Christopher Westfall

July 21, 2016

The Justice Department has filed two separate suits to prevent the merger between both Aetna and Humana and the merger of CIGNA and Blue Cross.

Today, Aetna said that they will defend their acquisition of Humana and gave the substantial reasons why such a merger is a good thing for the country.

Among the reasons given, Aetna says that the combined company would “Improve affordability, quality, and consumer choice.”
Their stats show that a combined Aetna/Humana company would still only serve 8% of eligible Medicare beneficiaries, far from the monopoly that the Justice Department will argue would result from the combined forces.

We are continuing to monitor the situation and expect that Obama's Justice Department will do everything in their power to prevent the merger, and it might ultimately be settled by a federal judge.

The original Aetna press release can be found here.

 

Medicare Supplement Training

 

It’s Official: CIGNA and Anthem to Merge

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Today it was officially announced that CIGNA and Anthem have struck a deal to become, for now, the largest health insurer in America. The terms of the final deal finally having weathered the storm of a two-month long negotiation, the deal is said to be worth $48 Billion to CIGNA for its acquisition into Anthem.

The independent market is still waiting to hear how this will impact the Medicare Supplement and Medicare Advantage distribution channels. The deal might take two years to get through regulator's approval.

As always, we'll have the specific news when it's available as to how this will impact the individual agent. – Stay tuned!

-CW
See the announcement:

CIGNA Anthem Merger Announcement

 

 

 

 

 

 

 

 

 

 

 

 

 

Medicare Training for Agents at MedicareAgentTraining.com

CIGNA Buys Sterling Life Insurance Company

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CIGNA has agreed to purchase Sterling Life from Wellcare

See the video:

April 24, 2015

CIGNA has entered into an agreement, pending regulatory approval, to purchase Sterling Life Insurance Company from its current owner, Wellcare. Wellcare purchased the fledgling Sterling Life just three years ago, and tried to turn around its sinking sales of Medicare Supplements, without success. Now, CIGNA hopes to sell their ancillary products to the Sterling clients.
CIGNA's official e-mail to agents can be found here.

For details on how this might impact the competitive nature of Medicare Supplement selling, make sure to watch the Medicare training webinars inside MedicareAgentTraining.com

Medicare 101 Training