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Seniors

Aetna to buy Humana as health insurer landscape shifts

Aetna-Humana deal part of rush to consolidate in industry changing from health care overhaul
Tom Murphy, The Associated Press

Aetna aims to spend about $35 billion to buy rival Humana and become the latest health insurer bulking up on government business as the industry adjusts to the federal health care overhaul.

The proposed cash-and-stock deal, announced early Friday, would make Aetna a sizeable player in the rapidly growing Medicare Advantage business, which offers privately run versions of the federally funded health care program for the elderly and some people with disabilities.

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