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grahamhgreen

(15,741 posts)
Thu Aug 18, 2016, 03:56 PM Aug 2016

Sanders: Aetna's Obamacare Threat Shows What "Corporate Control Looks Like"

http://www.commondreams.org/news/2016/08/17/sanders-aetnas-obamacare-threat-shows-what-corporate-control-looks

Healthcare giant Aetna directly threatened the federal government by vowing to pull out of Obamacare if its proposed merger to Humana was not approved, revealed a letter by the company's CEO sent in July and reported on Wednesday.

The letter, obtained by the Huffington Post through a Freedom of Information Act request, proves what many observers have suspected and what the company has been denying: that its decision to pull out of most of the Affordable Care Act (ACA) health exchanges was a bargaining chip in its effort to achieve the controversial merger.

Aetna's threatening letter was authored by Aetna CEO Mark Bertolini, who would have "personally [made] up to $131 million" if the Humana merger had gone through, as International Business Times reporter David Sirota observed last month.

The Justice Department sued to block the merger last month.

Bernie Sanders tweeted a link to the Huffington Post's reporting, calling the article a "must-read" and condemning the government for giving so much power to corporations like Aetna:
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Sanders: Aetna's Obamacare Threat Shows What "Corporate Control Looks Like" (Original Post) grahamhgreen Aug 2016 OP
Thank you Bernie! Avalux Aug 2016 #1
This is an interesting bit, " the government is not without an active role in this mess: the letter grahamhgreen Aug 2016 #2
" " ananda Aug 2016 #3

Avalux

(35,015 posts)
1. Thank you Bernie!
Thu Aug 18, 2016, 04:12 PM
Aug 2016

There were predictions this would happen; these insurance companies are way too powerful. Time for the public option!

 

grahamhgreen

(15,741 posts)
2. This is an interesting bit, " the government is not without an active role in this mess: the letter
Thu Aug 18, 2016, 06:22 PM
Aug 2016

the government is not without an active role in this mess: the letter from Bertolini was in response to a letter from the Department of Justice, in which the department "asked Aetna how, if at all, a decision on the proposed merger would affect Aetna's willingness to offer insurance through the exchanges," the Huffington Post writes."

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