U.S Largest Health Insurer Faces Lawsuit to Block Merger Deal
As per Bloomberg News, the Justice Department argued in Washington Federal court that the purchase would allow UnitedHealth to control sensitive data of rivals and hurt competition in the market.
More about the matter According to Attorney General Merrick Garland, the largest health insurer in America can acquire technology for critical healthcare claims, and it would squeeze innovation in the health insurance sector. While shares of Healthcare were up by 0.5 %, UnitedHealth shares declined by 1.5% to $452.65 in New York Thursday after the complaint was filed. The antitrust enforcers to challenge corporate deal-making underscores the administration to toughen consolidation. The merger of the largest healthcare giant, UnitedHealth, which owns insurance and