As U.S. insurers aim to get bigger, hospitals eye health plan entry

A reporter reads a summary of the performance and usage of the Massachusetts Health Connector website during a briefing for reporters in Boston

As U.S. health insurers chart an unprecedented consolidation of the industry, hospitals are taking a fresh look at becoming insurers themselves to keep more of their patients’ healthcare dollars in house.

Among the country’s largest insurers, Aetna Inc struck a deal to buy Humana Inc, while Anthem Inc agreed to acquire Cigna Corp. Both transactions are expected to draw months of scrutiny by U.S. antitrust regulators and Congress.

Hospital and physician groups say the mega-mergers announced this past summer could drive up premiums and limit choices for consumers. Insurers, however, say the combinations will give them more leverage to negotiate discounts for medical care.

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About Peter Coffaro 1426 Articles
A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the medical device industry. As a District Sales Manager for Stryker Orthopaedics, Peter was responsible for managing and directing a regional sales force to achieve sales and profit goals within the Rocky Mountain region. Previously, he was the Director of Sales & Marketing for Amp Orthopedics. In this role, Peter was responsible for planning, developing, and leading all sales and marketing initiatives. Peter is a former orthopedic distributor in the Pacific Northwest. He has also worked with DePuy Orthopaedics as well as Zimmer, and held positions in sales, sales training, and sales management. Peter has an extensive background in organizational development, business development, sales management, negotiating and P&L management. Peter holds a B.S. degree in Biology from Northern Illinois University.

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