Why the Aetna/Humana & Anthem/Cigna mergers are bad for Georgia
Action Alert: MAG is encouraging Georgians to send an email to firstname.lastname@example.org to urge Georgia’s Division of Insurance to oppose the Aetna/Humana and Anthem/Cigna mergers.
MAG believes that the pending Aetna/Humana and Anthem/Cigna mergers could have disastrous results for patients and physicians in Georgia.
These transactions would reduce competition and place physicians and their patients at an even greater disadvantage as a shrinking number of health insurance companies seize increasingly-dominant positions in the marketplace.
If the Aetna/Humana and Anthem/Cigna mergers are allowed to go through, the combined entities will control nearly 90 percent of the individual health insurance market in Georgia; a few insurers will be able to institute policies that will exacerbate the physician shortage and undermine the economic viability of Georgia’s health care system – especially in rural areas where hospitals and medical practices are struggling to keep their doors open.
More than 30 percent of the physicians in Georgia who participated in a survey that MAG conducted in the last several months said that they believe that the Aetna/Humana merger would threaten the long-term viability of their practice.
MAG has urged the U.S. Department of Justice to assess these mergers for antitrust violations in a full and comprehensive way.
The Georgia Department of Insurance (DOI) has also expressed concerns that the Aetna/Humana merger would violate Georgia’s standards for competition. Specifically, DOI believes that the Aetna/Humana merger may violate Georgia’s competitive standard in the individual, small group, and Medicare Title XVIII markets while raising concerns of substantially reduced competition in the large group market.
Physicians Advocacy Institute expresses concerns over mergers to DOJ
MAG CEO calls for DOJ to scrutinize pending mergers
MAG ‘Top Docs Show’ on health insurance mergers
MAG ‘Health Insurer Patient Billing Tactics’ issue brief
AMA actions on insurer mergers
ACP: “Proposed Insurance Company Mergers Pose Health Care Risks”
ACP health insurance consolidation letter to DOJ
MAG town hall on key health insurance bill