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David A. Jones Sr., who borrowed $1,000 to launch a nursing home company that grew into the $37 billion health insurance and health care giant Humana Inc., died Wednesday at age 88.
Walmart may be looking to dive deeper into the rapidly evolving health care market by acquiring the insurer Humana, according to the Wall Street Journal.
Health insurance giants Aetna and Humana announced Tuesday that they have formally abandoned their efforts to merge after a federal judge upheld the Justice Department’s decision to block the $37 billion deal last month.
Aetna Inc.’s $37 billion deal to buy rival insurer Humana Inc. was blocked by a federal judge, thwarting one of two large mergers that would reshape the U.S. health-care landscape. Aetna said it was considering an appeal.
Federal regulators are suing to stop two major health insurance mergers because they say the deals will increase health care costs for Americans and lower the quality of care they get. The Department of Justice said Thursday that the combinations of Aetna and Humana and Anthem and Cigna would hurt competition that restrains the price of coverage and lead to reduced benefits, among other drawbacks.