INDIANAPOLIS, In (AP) — Aetna and Humana announce they are calling off a $34 billion deal to combine the two major health insurers after a federal judge, citing antitrust concerns, shot down the deal.
Humana is entitled to a $1 billion breakup fee after the mutual decision to call off the tie-up, first announced in the summer of 2015.
It was the second major deal shot down in federal courts in as many months.
Another federal judge rejected Blue Cross-Blue Shield carrier Anthem’s bid to buy Cigna. Anthem is appealing that decision.