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Apparently a Medicaid carrier, who wanted Health Net for the Medicaid block. I wonder if they will keep the IFP and Small Group block?
Dontcha just love news about carrier compression, merger/acquisition and exiting a market? I guess we all heard it was coming.......
By the way, University Health Plans exited the Arizona market last week, too.
Look folks this M & A (mergers and acquisitions) business is going on in ALL industries right now. Chill on the One Insurance Company Boogeyman phobia.
We go through cycles in this country, we have cycles of consolidation and we have cycles of expansion.