Humana’s merger with Aetna may have been doomed for failure; but the company still made out with a $1 billion breakup fee from proposed acquirer Aetna in 2017. The firm made a number of significant long-term strategic decisions, including exiting Obamacare’s individual insurance market in the wake of losses, and is concentrating on its lucrative Medicare Advantage business for seniors. Humana CEO Bruce Broussard has also stated that it’s concentrating on a more integrated benefits management platform. And, while this didn’t happen in 2017, like several other Fortune 500 health insurers, Humana is also in the midst of a potentially blockbuster M&A: The 14 million-member company is reportedly in talks to be acquired by retail giant Walmart.
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He left out the huge costs that will come from the new tax law.
The $69 billion health care merger could transform the industry and patient care.