On January 11th, 2016, a number of major consumer groups and unions composed of Consumers Union, Virginia Consumer Voices for Healthcare, Virginia Organizing, the Virginia Rural Health Association, Consumer Action, the Commonwealth Institute, U.S. PIRG, Consumer Watchdog, SEIU Virginia 512, and DC 37 AFSCME, AFL-CIO filed comments to Virginia Insurance Commissioner Jacqueline K. Cunningham regarding the proposed mergers of Anthem-Cigna and Aetna-Humana. The purpose of these comments was to raise concerns about the two mergers and their impact on healthcare in Virginia and to urge that public hearings be held to evaluate these mergers. Here are a number of specific points raised:
These mergers would substantially reduce competition and create large overlaps in Virginia in a number of different insurance products including commercial, ASO, and Medicare Advantage. A combination of Anthem and Cigna would create an entity with just under 72% share of the Virginia ASO market, and a combination of Aetna and Humana would have 66% of all seniors with a Medicare Advantage plan in Virginia.
To see the full comments submitted to Commissioner Cunningham please click here.
To see the comments submitted by the Virginia Hospital & Healthcare Association to Commissioner Cunningham, please click here and here.
To see the testimony submitted to Commissioner Cunningham for the May 25th hearing, please click here.