State of Florida Office of Insurance Regulation Approves the Aetna-Humana Acquisition

Feb 15 2016
Top
Dateline City:
HARTFORD, Conn.

HARTFORD, Conn.–(BUSINESS WIRE)–Aetna (NYSE: AET) issued the following statement in response to today’s action:

“We are very pleased by today’s approval of Aetna’s application to acquire Humana’s Florida-based Affiliates by the FL Office of Insurance Regulation (OIR). With today’s action, Aetna has secured 10 of the 20 state approvals required.

“Florida’s evaluation was based on a thorough review of the competitive environment in the state. We are pleased that in its review, the OIR recognized how traditional Medicare competes with Medicare Advantage plans, and that consumers have robust choice in a competitive landscape.

“As we consider our future presence on the exchange, we will look for opportunities to expand into communities where we can give consumers a valuable offering at an affordable cost.

“We continue to cooperate with the Department of Justice as it continues its review. It is possible that the Department of Justice will require divestitures in some geographies, which is a standard tool as part of its approval processes. If divestitures are required, there are competitors in good standing that are able to provide consumers with options.”

About Aetna
Aetna is one of the nation’s leading diversified health care benefits companies, serving an estimated 46.5 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities, Medicaid health care management services, workers’ compensation administrative services and health information technology products and services. Aetna’s customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com and learn about how Aetna is helping to build a healthier world. @AetnaNews

Language:
English

Contact:

Aetna
Media Contact:
Kristine Grow, 301-581-5729
kmgrow@aetna.com
or
Investor Contact:
Joe Krocheski, 860-273-0896
krocheskij@aetna.com

Ticker Slug:
Ticker:
AET

Exchange:
NYSE