ObamaCare blamed for insurer mega-mergers
Monday, 07 27 2015, Category: Insurance and Reinsurance, Country: United States
A new wave of insurance mega-mergers is fueling fears that ObamaCare is crushing competition. Despite initial claims that the law would bring down costs, Republican critics and others say it's driving the industry to consolidate -- which could end up costing consumers more.
The concern, growing rapidly, is there may only be a few powerful operators still standing while smaller players are driven out of business. The billion-dollar deals accelerated following the Supreme Court's ruling that kept Affordable Care Act subsidies in place.
Source: Fox News