Humana’s merger with Aetna may have been doomed for failure; but the company still made out with a $1 billion breakup fee from proposed acquirer Aetna in 2017. The firm made a number of significant long-term strategic decisions, including exiting Obamacare’s individual insurance market in the wake of losses, and is concentrating on its lucrative Medicare Advantage business for seniors. Humana CEO Bruce Broussard has also stated that it’s concentrating on a more integrated benefits management platform. And, while this didn’t happen in 2017, like several other Fortune 500 health insurers, Humana is also in the midst of a potentially blockbuster M&A: The 14 million-member company is reportedly in talks to be acquired by retail giant Walmart.
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New tech could also be hinderance, however.
This is your Data Sheet newsletter for Tuesday, April 2, 2019.
The court decision is expected to be appealed and won't affect 2019 health care plans.
Healthcare segment adds a boost.