State regulators consider conditions on Centene’s $6.8 billion deal

Photo courtesy of Health Net Inc.
Photo courtesy of Health Net Inc.

Centene Corp.’s has proposed a $6.8 billion acquisition of Health Net Inc., but health advocates urged state regulators Monday to impose conditions on the deal to ensure patients have access to affordable, quality care.

The concern is that clout in the market tends to drive up premiums, but executives from both companies said the combination will make a stronger company and increase competition and financial resources.

The California Department of Managed Health Care, the state agency that must approve the deal in California, will review the comments and make a decision by early next year.

Read more from the St. Louis Business Journal

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