Tuesday, July 10, 2012

WellPoint deal adds strength in Medicaid | StarTribune.com

WellPoint deal adds strength in Medicaid | StarTribune.com:
"Health insurer WellPoint Inc. said on Monday that it is buying Amerigroup Corp. for $4.9 billion in a deal that signals sharp competition in the Medicaid market now that the Supreme Court has upheld the bulk of President Obama's health care law.
The acquisition will make Indianapolis-based WellPoint the largest provider of Medicaid, with 4.5 million enrollees, overtaking Minnetonka-based UnitedHealth Group, which has 3.5 million members."
Too bad so much of our hard earned money is going to these big corporations for high exec salaries and stock dividends.  All that money it takes out of actually providing health care could fund a single payer universal access system in this country.

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