On March 21st, 2016, an unprecendented coalition of major consumer groups and unions composed of Consumer Action, Consumers Union, Citizen Action of Wisconsin, SEIU Healthcare Wisconsin, Consumer Federation of America, US PIRG, WISPIRG, Wisconsin Jobs Now, Coalition of Wisconsin Aging Groups, Wisconsin AFL-CIO, ABC for Health, Wisconsin Federation of Nurses and Health Professionals, American Federation of State, County and Municipal Employees (AFSCME), National Association of Social Workers, Wisconsin Chapter, 9to5 Association of Working Women, Wisconsin, Wisconsin Farmers Alliance, and the National Alliance on Mental Illness Wisconsin filed comments to Wisconsin Insurance Commissioner Ted Nickel regarding the proposed merger of Aetna-Humana. The purpose of these comments was to raise concerns about the merger and its impact on healthcare in Wisconsin and to commend the Office for agreeing to hold a public hearing to evaluate the merger. Here are a number of specific points raised:
Under Wisconsin law, the Office of the Commissioner of Insurance (OCI), after a public hearing, is empowered to disapprove any insurance mergers, especially if they will substantially lessen competition or tend to create a monopoly.
To see the full comments submitted to Commissioner Nickel please click here.
To see the comments submitted by the American Hospital Association to Commissioner Nickel, please click here.
To see the comments submitted by State Senator Dave Hansen and State Representative Erich Genrich to Commissioner Nickel please click here.
The Wisconsin Office of the Commissioner of Insurance approved the Aetna-Humana merger on April 15th, 2016.