Aetna counters Cigna, WellPoint
The Medicare/Medicaid insurance sector continues to consolidate. It started with Cigna buying local Medicare power HealthSpring for almost $4 billion. Then WellPoint said it would acquire Amerigroup for $5 billion. Now Aetna has announced it will snap up Coventry Health Care for more than $7 billion, a move it says will add 5.5 million people to its rolls.




