So a couple weeks ago, the Humana/Aetna "wedding" was put on hold (again) by a Federal judge.
Now, someone's blinked:
"Aetna And Humana Call Off Merger After Court Decision"
Turns out, the annulment didn't come cheaply, either:
"Aetna announced it would pay Humana a $1 billion fee for backing out of the agreement"
And lest you think that was a major windfall for the latter, think again:
"Humana announced about $370 million of that would be paid as taxes."
Nice little chunk-o-change for Uncle Sugar.
Again, although I don't really have a horse in this race, I'm not terribly disappointed: more carriers should mean more competition, which is generally a good thing, no?
Now, someone's blinked:
"Aetna And Humana Call Off Merger After Court Decision"
Turns out, the annulment didn't come cheaply, either:
"Aetna announced it would pay Humana a $1 billion fee for backing out of the agreement"
And lest you think that was a major windfall for the latter, think again:
"Humana announced about $370 million of that would be paid as taxes."
Nice little chunk-o-change for Uncle Sugar.
Again, although I don't really have a horse in this race, I'm not terribly disappointed: more carriers should mean more competition, which is generally a good thing, no?
[Hat Tip: FoIB Holly R]
from InsureBlog http://ift.tt/2knrKS9
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