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Aetna, Humana announce asset sale to quell feds’ antitrust concerns
Health insurers Aetna and Humana plan to sell $117 million worth of assets to a small competitor to help quell federal regulators’ concerns that their proposed merger would severely reduce competition....
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Justice Department vs. Aetna-Humana trial set for Dec. 5
Humana and Aetna are scheduled to defend their merger in court beginning on Dec. 5, according to a report by Bloomberg. That puts the companies on a tight deadline to complete their deal. The companies...
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Aetna, feds exchange barbs
The battle between health insurance giants and the federal government is intensifying. As some insurers, including Aetna and Humana, are fleeing the Affordable Care Act exchanges, the federal...
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Humana, Aetna: Justice Department does not understand insurance market
Health insurers Humana and Aetna said that the federal government’s lawsuit to stop their proposed merger is based on “fundamental misconceptions of marketplace realities.” The companies on Friday...
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Senators press Aetna CEO on health exchange withdrawal
Updated at 4:30 p.m. with comments from Aetna. Five U.S. senators are pressing Aetna CEO Mark Bertolini to explain the company’s “inexplicable and irresponsible” withdrawal from the health exchanges...
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The Closing Bell: Docs say Humana merger bad for consumers; historic Portland...
Welcome to The Closing Bell. This is your last stop for biz scoops and big news before the weekend — a roundup of stories that can’t wait till Monday. Medical association: Aetna-Humana merger would...
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The Closing Bell: Hillbilly Tea hires new chef; Muhammad Ali’s home for sale;...
Hillbilly Tea hires new head chef The Southern restaurant Hillbilly Tea has added a new head chef to its kitchen. Lawrence Weeks has joined “the ever-evolving Appalachian kitchen,” according to an...
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The Closing Bell: Bellarmine dean of business exits; DOJ responds to...
Welcome to The Closing Bell. This is your last stop for biz scoops and big news before the weekend — a roundup of stories that can’t wait till Monday. Bellarmine Dean of Business School reportedly...
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The Closing Bell: Urban Attic closing; new seating at Baxter Avenue Theatres;...
Welcome to The Closing Bell. This is your last stop for biz scoops and big news before the weekend — a roundup of stories that can’t wait till Monday. Urban Attic closing after seven years in business...
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Aetna confident Humana merger will happen as it reports higher ACA losses
Aetna CEO Mark Bertolini said he remains confident the company’s merger with Humana will be completed despite the legal challenge by the federal government. Bertolini made the remarks in Thursday’s...
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Humana profit spikes 43% as ACA losses stabilize
Humana reported third-quarter net income of $450 million, up 43 percent from a year earlier, based on strong Medicare Advantage business and a stabilization of Affordable Care Act-related losses....
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The Closing Bell: Louisville chef on ‘Top Chef’; antitrust official talks...
Welcome to The Closing Bell. This is your last stop for biz scoops and big news before the weekend — a roundup of stories that can’t wait till Monday. Louisville chef makes the cut for new season of...
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Monday Business Briefing: retailers applaud OT rule injunction; Melting Pot...
Welcome to the Nov. 28 Monday Business Briefing, your private business intelligence digest from Insider Louisville. Retail, restaurant associations applaud judge’s ruling regarding federal overtime...
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Humana, Aetna, Feds dig in as antitrust trial nears
In pretrial documents, Aetna and Humana contend that the federal government’s lawsuit to block the companies’ proposed merger relies on faulty economic modeling that belies “real-world facts.” The...
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As Aetna-Humana trial begins, a look at what’s driving health insurance mergers
Regardless of how Aetna and Humana fare in their trial against the U.S. Department of Justice, they will continue to face industry pressures toward consolidation, a University of Louisville professor...
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Monday Business Briefing: Kindred layoffs; pizza and beer delivered in New...
Welcome to the Dec. 12 Monday Business Briefing, your private business intelligence digest from Insider Louisville. Kindred cuts support staff as it exits skilled nursing business Kindred Healthcare...
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Aetna, Humana extend merger deadline (again) as trial wraps up
Aetna and Humana on Thursday extended the deadline of their planned merger a second time, to Feb. 15, a day after the government’s antitrust trial against the companies concluded. The companies had...
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Monday Business Briefing: Investors give thumbs up for Aetna+Humana; GLI is...
Welcome to the Jan. 16 Monday Business Briefing, your private business intelligence digest from Insider Louisville. Investors more bullish on prospects of Aetna-Humana merger Investors have become...
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Monday Business Briefing: Sypris faces delisting; General Mills items for...
Welcome to the Jan. 23 Monday Business Briefing, your private business intelligence digest from Insider Louisville. Sypris shares up 9% for the year, still faces Nasdaq delisting Shares of...
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Judge blocks Aetna-Humana merger deal on antitrust grounds
U.S. District Judge John D. Bates blocked the proposed merger deal of health care giants Aetna and Humana on Monday, saying that such a merger would violate antitrust law by significantly reducing...
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The Closing Bell: Feds investigating Humana, other insurers; Barret Avenue...
Welcome to The Closing Bell. This is your last stop for biz scoops and big news before the weekend — a roundup of stories that can’t wait till Monday. Feds investigating whether insurers defrauded...
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Beshear to transfer $10,000 to state police lab to help test additional SAFE...
A day after announcing a nearly $3 million federal National Sexual Assault Kit Initiative grant, Attorney General Andy Beshear said his office would transfer an additional $10,000 to the Kentucky State...
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Mayor Fischer and county attorney continue dispute with U.S. Department of...
An official with the U.S. Department of Justice reiterated in a letter to Mayor Greg Fischer on Wednesday that Louisville’s policies might violate federal immigration law, threatening to subpoena...
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Department of Justice investigating Metro Council for potential race-based...
The Civil Rights Division of the U.S. Department of Justice informed the Jefferson County Attorney’s office last week that it had initiated an investigation into potential race-based discrimination by...
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County Attorney tells Department of Justice to rescind its threats over...
The war of words between the U.S. Department of Justice and Louisville elected officials continued last week, as Jefferson County Attorney Mike O’Connell sent a letter to the federal agency telling it...
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