Humana, saddled with the enormous costs from its tie-up with rival health insurer Aetna Inc., reported a 46 percent decline first-quarter profit, though it still topped most expectations. (CNBC)
The company’s takeover by Aetna Inc. is a much-awaited and closely watched event in the health insurance space. The acquisition is due in the second half of 2016. The combined entity is expected to be the second-largest managed care company in the U.S. (Zacks)
Humana said it’s in the process of making several changes to turn the individual health insurance coverage it offers under the Affordable Care Act profitable, including leaving certain states. (Forbes)
Humana’s individual business, which sells plans under President Barack Obama’s Affordable Care Act, has been a drag on results, and the company still expects to lose money this year. (Reuters)
What is the Affordable Care Act?