Humana to Drop Arcadian Plans in Five States in Settlement

Crabcake Johnny

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Humana Inc. (HUM) won approval from the U.S. Justice Department to buy Arcadian Management Services Inc. on the condition that it sell the acquired company’s Medicare Advantage business in parts of five states.

The settlement with Humana, filed today in federal court in Washington, requires the Louisville, Kentucky-based health insurer to divest the business in 51 counties to buyers that win approval from antitrust officials, the department said in a statement. The agreement still requires approval of a federal judge.

Humana to Drop Arcadian Plans in Five States in Settlement - Bloomberg
 
I smell a prime SEP in those states.... do you know if the people getting dropped from the plan or are they going to be swtiched to Humana?
 
Humana Inc. (HUM) won approval from the U.S. Justice Department to buy Arcadian Management Services Inc. on the condition that it sell the acquired company’s Medicare Advantage business in parts of five states.

The settlement with Humana, filed today in federal court in Washington, requires the Louisville, Kentucky-based health insurer to divest the business in 51 counties to buyers that win approval from antitrust officials, the department said in a statement. The agreement still requires approval of a federal judge.

Humana to Drop Arcadian Plans in Five States in Settlement - Bloomberg

You mean that the gov't actually cares if there is any competition among these plans?!!!! why is United Healthcare allowed to buy Everything in sight without regard to marketplace competition?
 
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