Healthcare giant snaps up competitor

  • 2015-07-14
On July 3, Aetna disclosed it will buy Humana, its rival health insurance company, for $37bn.

It will use a combination of cash and stock shares measuring $230 each. Both companies have doctors in Norwich who take their insurance.

The deal means the company is on its way to being the second largest health insurance company in the United States. It has potential to give private insurance to the disabled and elderly through the Medicare Advantage program. Buying Humana increases Aetna's influence and military insurance programs in Connecticut.

Several companies are buying up their competitors and expanding due to the new health care changes by the federal government. These changes aim to give health insurance to millions of citizens who are not currently covered under Medicaid, since three times the amount of people have signed up for Medicare Advantage in the last 10 years.

Buying and combining health insurance companies can bring in more private insurance clients as the government does the overhaul. Combined companies have more influence in other parts of the country and can save money.

Combined companies may keep one of the company's names or they might rename the entire company. Either way, they will need new Business Cards and Letterheads to identify the new company. Business card printers who can also complete Letterheads could give businesses a deal on buying both.
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