Senate Majority Leader Mitch McConnell slammed the $37 billion merger of Aetna and Humana on Friday, saying it confirmed his predictions that Obamacare would lead to such consolidation among health insurers — and eventually to fewer options for Americans.
“For more than 30 years, Humana has been a cornerstone of economic growth and a great philanthropic partner in our community,” the Kentucky Republican said.
Founded in 1961, Humana is based in Louisville.
“This morning’s announcement, as I predicted during the debate five years ago, is the inevitable result of Obamacare’s push toward consolidation as doctors, hospitals, and insurers merge in response to an ever-growing government,” McConnell said.
Tennessee Rep. Marsha Blackburn said that “we are beginning to see a narrowing of the marketplace, which leads to higher costs, fewer options and less access for plan enrollees.”
Aetna Inc. said that it would pay $37 billion in cash and stock for Humana Inc., the nation’s second-largest provider of private healthcare plans for seniors.