Aetna reports first quarter losses following merger fallout

Published May 2, 2017 2:41pm ET



Health insurance giant Aetna reported first-quarter net losses of $381 million Tuesday, attributing results primarily to the termination of its proposed $37 billion deal with Humana.

The merger was blocked last year following a Department of Justice antitrust lawsuit filed under former President Barack Obama, which resulted in Aetna paying Humana $1 billion in break-up fees for ending the deal.

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