Insurance Commissioner Sounds the Alarm About Possible Mergers

The Los Times reports that Insurance Commissioner Dave Jones said that employers and medical providers all could be harmed if industry giants such as Anthem Inc. and UnitedHealth Group Inc. pull off potential mega-mergers. Some legal experts predict acquisitions among the industry’s biggest players could face serious antitrust scrutiny from the U.S. Justice Department State regulators could also weigh in and examine the fallout for businesses and consumers depending on which companies and markets are affected. The commissioner said he scrutinize any potential transaction to make sure the interests of Californians are protected. That could mean working with officials at the federal level or in another state that may hold ultimate authority for approving a deal.

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