As the insurance world is constantly evolving, we are seeing more partnerships emerge between large insurance company players. It is our job at Five Lakes to ensure that we are keeping our clients up-to-date on changes, especially regarding insurance company relationships.
On July 3, it was announced that Aetna will acquire Humana in a $37 billion deal. An article recently posted on Aetna.com, does an excellent job of explaining the reasons for the acquisition and details how the agreement mutually benefits both companies. Please follow the link below to read the article.
Additionally, on July 24, Anthem announced its purchase of Cigna in a $54 billion deal. The details of the agreement are given in a news release recently posted on Cigna.com. Please follow the link below to read the article.
How do these mergers impact you and your practice? We are working to continually monitor and research the intricacies involved with these new relationships. As new information comes to light, we will be communicating it to you. Should you have any questions or receive any information from insurance companies relative to insurance company relationships, please contact us.