The American Medical Association strongly recommends against these mergers, but Aetna and Anthem say these consolidations help control costs.
Bigger is not better.
That’s the opinion of the American Medical Association (AMA) and some healthcare experts when it comes to two proposed large mergers in the healthcare insurance industry.
Last week, AMA officials strongly reiterated their opposition to the consolidation of Anthem and Cigna and the merger between Aetna and Humana.
“The AMA analyses show that Anthem-Cigna and Aetna-Humana mergers would significantly compromise market competition in the health insurance industry and threaten healthcare access, quality, and affordability,” said Dr. Andrew W. Gurman, AMA president, in a statement.
In July, the U.S. Justice Department announced it had filed lawsuits to block the two pending mergers.