The purchase, announced Friday, comes on the heels of yesterday’s announcement by smaller insurer Centene Corp. that it will buy Health Net Inc. for about $6.3 billion.
Obamacare, or the Patient Protection and Affordable Care Act, created millions of new customers for insurance coverage and encourages insurers to look for savings. Aetna’s deal means it will gain more than 14 million Humana customers in commercial, Medicare and Medicaid plans. By purchasing Health Net, Centene creates the biggest private administrator of Medicaid, a federal program for the poor.
Here are other combinations that may be in the works:
What Your Peers Are Reading
*Anthem Inc. may try again for Cigna Corp. The target rejected a $47 billion takeover bid last month. Cigna said the offer wasn’t in the best interest of shareholders and that Anthem executives aren’t fit to lead a merged giant.
*UnitedHealth Group Inc. — the biggest of the U.S. health insurers — may try to grab Aetna. BeforeAetna announced the Humana purchase, Barclays Plc analyst Joshua Raskin said a UnitedHealth-Aetna combo makes the most sense because of cost savings and the scale it would produce.