UnitedHealthCare's acquisition of Health Net approved

Hartford Courant, December 7, 2009

UnitedHealthcare's bid to acquire the membership renewal rights of Health Net customers in Connecticut was approved by state Insurance Commissioner Thomas Sullivan. The transaction shifts the number of major healthcare providers from six to five in Connecticut, and it drew strong opposition from physician groups leading up to the decision. Several physician organizations said the acquisition would mean fewer options, and that the cost of medicine and treatment would increase as insurance providers decreases.