Posted on Jan 24, 2017
U.S. judge finds that Aetna misled the public about its reasons for quitting Obamacare
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Aetna tried to leverage its participation in the exchanges for favorable treatment from DOJ regarding the proposed merger.
— U.S. District Judge John D. Bates
— U.S. District Judge John D. Bates
U.S. judge finds that Aetna misled the public about its reasons for quitting Obamacare
Posted from latimes.com
Obamacare
Health
Insurance
Posted 8 y ago
Responses: 4
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Why do companies merge? It isn't to lose money. So the merging generally generates a positive npv. Now when the merger attempt is blocked, it makes sense to do things to offset the loss. This is a publicly traded company with a board to represent its interests and it looks like it worked. Less regulation will lead to more business and maybe they now view certain markets more favorably.
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SGT (Join to see)
Understood Sir and in essence I can agree. I believe the issue is that because of the DOJ blocking the merger, the company pulled out of the system and said it was because of something else which in turn caused pricing to go up..... There is a post on this here in RP with the letter and additional info
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CPT Mark Gonzalez
SGT (Join to see) - maybe just me, but if the decision was partially business based I don't see how a business man playing politics isn't ok. A politician can play politics and still buy stocks, but the businessman isn't allowed to influence or leverage policy? I just don't see it going anywhere at a federal level with the new administration.
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SGT (Join to see)
CPT Mark Gonzalez - There is a bit more to it Sir.... I am sure additional info will also emerge as this goes on with an outcome suitable for all involved
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I'm just curious a little confused here. As a private business, they really do not have to give any reason to the public. So what is the problem? It is their choice to pick and choose what markets to participate in. Not their fault the government was incompetent in setting this whole thing up. Nor do I think we should demonize Insurance companies for making sound business decisions to stay in business unless the government wants to grant them tax exempt non-profit status across the board.......who really cares what the government thinks.
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CPT Mark Gonzalez
Publicly traded company so they have to disclose a lot to shareholders, but otherwise I agree with your sentiment and how it extends into over regulation.
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And Obama mislead the public on how ACA would make things better... fair is fair
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