The deal hinges on completion of Aetna’s agreement to sell its Medicare Part D drug plan business to WellCare Health Plans. Antitrust regulators worried the two companies Medicare Part D plans, which combine to serve 6.8 million people. If combined, the plans could reduce consumer choice and increase costs, the Justice Department said.
“The divestitures required here allow for the creation of an integrated pharmacy and health benefits company that has the potential to generate benefits by improving the quality and lowering the costs of the healthcare services that American consumers can obtain,” said Assistant Attorney General Mark Delrahim of the DOJ’s Antitrust Division.
Copyright © 2019 The Washington Times, LLC.