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Explainer-Why prior mega health insurer deals like the possible Cigna/Humana merger failed

Such a deal likely would have faced scrutiny from the U.S. Justice Department (DOJ), which in 2017 successfully stopped Anthem, now Elevance Health, from buying Cigna for $54 billion, and thwarted Aetna's plan to purchase rival Humana for $34 billion. Aetna, Humana, Anthem and Cigna cited the Affordable Care Act, popularly known as Obamacare, which was passed by Congress in 2010 to significantly expand access to affordable health insurance.
District Of Columbia United States Diane Bartz John Bates Amy Berman Jackson Us Justice Department
Source: yahoo.com

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Signa Files Insolvency as Cash Crunch Fells Luxury Empire

(Bloomberg) -- Austrian tycoon Rene Benko’s Signa filed for insolvency after a last-ditch attempt to raise emergency funding failed, making the co-owner of New York’s Chrysler building one of the most prominent casualties of Europe’s property crisis.Most Read from BloombergCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Musk’s Cybertruck Is Already a Production Nightmare for TeslaBill Ackman Bets Fed Will Cut Interest Rates as Soon as First QuarterHamas ...
United Kingdom City Of Saudi Arabia Klaus Michael Kuehne Bloomberg Businessweek Ralf Schmitz
Source: yahoo.com

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