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Aetna claimed this summer that it was pulling out of all but four of the 15 states where it was providing Obamacare individual insurance because of a business decision — it was simply losing too much money on the Obamacare exchanges.
Now a federal judge has ruled that that was a rank falsehood. In fact, says Judge John D. Bates, Aetna made its decision at least partially in response to a federal antitrust lawsuit blocking its proposed $37-billion merger with Humana. Aetna threatened federal officials with the pullout before the lawsuit was filed, and followed through on its threat once it was filed. Bates made the observations in the course of a ruling he issued Monday blocking the merger.
Aetna executives had moved heaven and earth to conceal their decision-making process from the court, in part by discussing the matter on the phone rather than in emails, and by shielding what did get put in writing with the cloak of attorney-client privilege, a practice Bates found came close to "malfeasance."
Source:
http://www.latimes.com/business/hiltzik/la-fi-hiltzik-aetna-obamacare-20170123-story.html
At what point does arbitrarily screwing with the healthcare of millions of people rise to the level of criminality?
(Score: 2) by The Mighty Buzzard on Tuesday January 24 2017, @11:33AM
What the shit, yo? How does any insurance company run afoul of anti-trust regs? There's no lack of competition and that's pretty much a prerequisite for any kind of anti-trust suit. And no, I'm not going to RTFA to find out. I'm busy coding this morning. You're welcome.
My rights don't end where your fear begins.
(Score: 2, Insightful) by Anonymous Coward on Tuesday January 24 2017, @04:23PM
Too busy to read, but not to busy to brag about your ignorance.
Just like 90% of all your other posts.
But this time you decided to drop all pretense that its not virtue signaling.
(Score: 2) by Azuma Hazuki on Tuesday January 24 2017, @05:08PM
He always does this. Whenever someone calls him out on his cowardly gormless hypocrisy he just goes "mweh, fuck you, there's fishing to do." This is a broken, worthless shell of a man; he's only good for coding.
I am "that girl" your mother warned you about...
(Score: 1, Touché) by Anonymous Coward on Tuesday January 24 2017, @05:49PM
I don't need your help piling on to buzzards' hypocrisy, face your own first.
(Score: 2) by Azuma Hazuki on Tuesday January 24 2017, @08:02PM
Oh, you again. You know, you seem intelligent and well-spoken enough; why not register and get a karma bonus for your posts? I disagree with you on a fundamental level, but you at least don't seem to be a sociopath.
I am "that girl" your mother warned you about...
(Score: 1, Funny) by Anonymous Coward on Tuesday January 24 2017, @09:54PM
It's all that mighty buzzing between his ears --
(see his post on the tinnitus thread, https://soylentnews.org/article.pl?sid=17/01/24/1227230 [soylentnews.org] )