Anthem, one of the nation's largest health insurance companies, has announced that it wants to buy Cigna, also another bloated health insurer. The offer: 48.3 billion dollars! That follows closely on another proposed health care buyout. Aetna has tendered and offer of 37 billion dollars for Humana.
The big boys are being devoured by even bigger boys. In health care, corporate cannibalism seems to be all the rage.
Of course, I am being a bit cynical. The obvious goals of this consolidation are to streamline costs, provide better service, and pass savings on to grateful consumers. Just ask a Republican. The worries that these multi-billion dollar deals will result in fewer options and higher rates are just so much hooey being put forward by left-wing Democrats.
Your health insurance provider loves you. Your health insurance provider loves you. Your health insurance provider loves you - and looks forward to screwing you even harder during the next billing cycle!
Keep sending in those rising premiums, suckers - and every time your rates go up, thank a Republican because Republicans know corporations are people and money is speech. And corporations speak very highly of Republicans.
No more Obamacare, mo more Medicaid, no more Medicare. The government just needs to get out of the way and let the private sector take care of us. Unfettered capitalism will solve everything. Just ask a Republican!
Yum, yum. Eat 'em up!