The move, which will serve about 2.4 million members in
According to Gov.
"Our office has been in touch with both parties and will review the proposed transaction as more information becomes available," said
The new organization is yet to be named and would provide health coverage in all market segments. The board of directors would comprise equal representation from both organizations and be chaired by
"Through the combination of two strong organizations with a commitment to nonprofit health care in
"Instead of changes like this merger that move us sideways, we need honest reforms that move us forward toward more affordable care and less paperwork and freedom of choice for doctor or hospital," said Sager.
"I don't see much prospect for lower premiums, lower prices, lower out-of-pockets and smaller surprise bills," said Sager adding that mergers are costly and take a lot of time to process.
"Consolidation in the health care industry is an overarching concern for consumers, as it can lead to increased costs for individuals and families. We will closely monitor this proposed merger to better understand whether the anticipated efficiencies will actually translate to lower costs for consumers, broader networks and an increase in community investments," said Rosenthal in a statement.
The new organization will offer employer-sponsored plans, Medicare and Medicaid plans, qualified health plans and plans for those who are dually eligible for Medicare and Medicaid.
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