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US healthcare industry on consolidation drive

Washington: If you are looking for health insurance in the United States in the near future, you may have only three instead five American companies to choose from.

According to a BBC report, the healthcare industry in the United States is on a merger consolidation drive, and deals to this effect are likely to be inked soon.

The BBC is reporting that U.S. healthcare firm Anthem has announced that it would pay USD 54 billion to buy smaller rival Cigna in a move aimed at slashing costs.

It is being predicted that the biggest healthcare insurer in the United States will be created by this historic deal.

The recent tie-up comes weeks after Aetna said it would buy rival Humana for USD 37 billion.

If approved by regulators, the two mega-deals would transform the US healthcare industry. (ANI)