PUBLIC HEARING TO BE HELD ON PROPOSED ACQUISTION OF HUMANA BY AETNA
State Insurance Commissioner Ralph Hudgens will hold a public hearing on the proposed acquisition of Humana Employers Health Plans of Georgia, Inc., by Aetna Inc., on July 26, 2016, beginning at 9 a.m. in Atlanta.
The purpose of the public hearing is to offer all interested parties the opportunity to give oral comments regarding the proposed transaction. All comments may be limited to five minutes per person.
What: Public Hearing
Date: July 26, 2016
Time: 9 a.m.
Location: Georgia Department of Insurance
#2 Martin Luther King, Jr. Dr.
Suite 916 West Tower
Atlanta, GA 30334
Comments may also be submitted in writing. You may email your comments to the Georgia Department of Insurance at [email protected]. or mail comments to the attention of the Administrative Procedures Division at: Georgia Department of Insurance, #2 Martin Luther King, Jr. Dr., Suite 916 West Tower, Atlanta, GA 30334.
All written comments must be received by 4:30 p.m. on July 21.
Regulators consider potential impact of proposed mergers
Georgia is one of 20 states affected by the proposed $34 billion Aetna-Humana merger that was announced last year.
Shareholders and at least 15 of the 20 states in which the insurance giants operate have already approved the deal. It must also be authorized by federal antitrust regulators.
If approved by the U.S. Department of Justice, Aetna would become the second largest health insurance company in the nation. That, combined with Anthem’s $54 billion deal to buy Cigna, would drop the number of large national insurance providers from five to three. Opponents argue the mergers will result in less competition and higher prices.
