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Insurance Mergers Focus Of OIR Hearing

Leon County Judge John Cooper on June 30, 2022, in a screen grab from The Florida Channel.
The Florida Channel
Leon County Judge John Cooper on June 30, 2022, in a screen grab from The Florida Channel.

Florida insurance regulators this week will scrutinize two major health plan mergers.

Aetna plans buy Humana for $37 billion. Anthem plans to buy Cigna for $54 billion. If both deals are approved, there would only be three major insurance carriers nationwide.

The Florida Office of Insurance Regulation will seek public comment on the Aetna deal Monday, and the Anthem deal will get a Tuesday. The biggest impacts would be in Jacksonville, Sarasota and Tampa.

The deal would affect the insurance of 3.1 million Floridians.

Insurance company officials say combining would expand access to care and give consumers a more extensive network of providers. The American Medical Association, though, says the deals would erode competition and increase prices.

Regulators will hear from the public on both deals this week, and are taking written comments through Dec. 17. The U.S. Department of Justice would still have to approve the deals.


WMFE is a partner with Health News Florida, which receives support from the Corporation for Public Broadcasting.

Health News Florida reporter Abe Aboraya works for WMFE in Orlando. He started writing for newspapers in high school. After graduating from the University of Central Florida in 2007, he spent a year traveling and working as a freelance reporter for the Seattle Times and the Seattle Weekly, and working for local news websites in the San Francisco Bay area. Most recently Abe worked as a reporter for the Orlando Business Journal. He comes from a family of health care workers.