Grassley seeks closer scrutiny of insurance mega-deals

Grassley seeks closer scrutiny of insurance mega-deals

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BPC Staff | Aug 16, 2018 | 8:09 pm |

<1 min read time

Blockbuster health care acquisitions could reduce competition in prescription drug pricing and deal a blow to consumers, Sen. Chuck Grassley, chairman of the Senate Judiciary Committee, said as he asked the U.S. Department of Justice to take a closer look at the corporate deals.

Hartford Courant: Blockbuster health care acquisitions could reduce competition in prescription drug pricing and deal a blow to consumers, Sen. Chuck Grassley, chairman of the Senate Judiciary Committee, said as he asked the U.S. Department of Justice to take a closer look at the corporate deals. Regulators are reviewing the $69 billion acquisition of Aetna Inc. by CVS Health Corp. and the $67 billion purchase of Express Scripts Holding Co. by Cigna Corp. Grassley, R-Iowa, on Tuesday cited a report by the Kaiser Family Foundation detailing industry concentration.