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U.S Largest Health Insurer Faces Lawsuit to Block Merger Deal

Department of Justice says the merger would hurt competition and increase healthcare prices, and companies say it will help bring efficiency to the process.

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U.S Largest Health Insurer Faces Lawsuit to Block Merger Deal

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  1. U.S Largest Health Insurer Faces Lawsuit to Block Merger Deal As per Bloomberg News, the Justice Department argued in Washington Federal court that the purchase would allow UnitedHealth to control sensitive data of rivals and hurt competition in the market. More about the matter According to Attorney General Merrick Garland, the largest health insurer in America can acquire technology for critical healthcare claims, and it would squeeze innovation in the health insurance sector. While shares of Healthcare were up by 0.5 %, UnitedHealth shares declined by 1.5% to $452.65 in New York Thursday after the complaint was filed. The antitrust enforcers to challenge corporate deal-making underscores the administration to toughen consolidation. The merger of the largest healthcare giant, UnitedHealth, which owns insurance and

  2. service arms, and Change Healthcare payments and technology expertise, would fuel the growth of UnitedHealth. UnitedHealth has defended the deal saying that the merger would help increase efficiency in health care, improve customer experience, and lower costs. Eric Hausman, the spokesman of UnitedHealth, noted that the DOJ position was flawed and based on speculations that do not reflect the healthcare system’s realities. Change Healthcare did not comment. You can read the full content: https://businessupside.com/2022/02/24/u-s- largest-health-insurer-faces-lawsuit-to-block-merger-deal/ -------------------------- Business Upside Email ID: support@businessupside.com Phone No.: +1-425-605-0775 Visit Us: https://www.businessupside.com/ Stay Connected Via: https://www.facebook.com/businessupside https://www.youtube.com/channel/UCuSkeS5oU- B2tRIBDYntmaw https://twitter.com/BusinessUpside1

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