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US: AHA asks for antitrust probe of Centene-WellCare deal

By  |  May 2, 2019

The American Hospital Association is asking the Department of Justice to probe Centene’s proposed $17 billion acquisition of WellCare arguing it “threatens to reduce competition in delivery of Medicaid Managed Care and Medicare Advantage services to tens of millions of consumers across broad swaths of the country.”

In a letter dated Tuesday, the hospital group referenced earlier payer deals DOJ blocked, including Aetna’s 2016 proposal to acquire Humana.
Since proposing the deal in late March, Centene has pushed back on antitrust concerns. CEO Michael Neidorff told investors that “while there is some overlap in some of the states, we believe it’s all very manageable.”
Full Content: AHA

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