U.S Largest Health Insurer Faces Lawsuit to Block Merger Deal

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

service arms, and Change Healthcare payments and technology expertise, would fuel the growth of UnitedHealth.

UnitedHealth has defended the deal saying that the merger would help increase efficiency in health care, improve customer experience, and lower costs. Eric Hausman, the spokesman of UnitedHealth, noted that the DOJ position was flawed and based on speculations that do not reflect the healthcare system’s realities. Change Healthcare did not comment.

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