Aetna to buy Humana for $37 billion, creating nation's No. 2 health insurer

July 3, 2015 11:35 AM

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Aetna will spend $37 billion to buy rival Humana and become the latest health insurer bulking up on government business as the industry adjusts to the federal healthcare overhaul.

The proposed cash-and-stock deal, announced early Friday, could make Aetna the nation's second-largest insurer and a sizable player in the rapidly growing Medicare Advantage business, which offers privately run versions of the federally funded healthcare program for the elderly and some people with ...

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