NEW HAVEN, Conn. (WTNH) — A health policy expert says the insurance merger between Anthem and Bloomfield-based Cigna, which still needs federal approval, could be bad news for consumers.
Zack Cooper from the Yale School of Public Health says that since hospitals all over the country are starting to merge and grow larger, healthcare providers are trying to increase their leverage by growing in size as well.
“If history’s a guide, these types of mergers don’t lower prices, if anything they raise them,” he said. “The 1999 merger of Aetna and Prudential raised prices seven percent,” he said.
It could take a year-and-a-half for the Department of Justice to give final approval to the merger.