Elevance Health and Blue Cross and Blue Shield of Louisiana have halted plans to merge as they work to convince policyholders and politicians on the merits of the deal, Modern Helathcare reports.
The proposed $2.5 billion transaction has attracted criticism from policyholders and providers concerned the combination will result in higher healthcare costs and a lack of competition in the local insurance market. Attorney General Jeff Landry (R) last week asked the companies to delay the deal until a new administration takes over in January. Landry is the front-runner in the governor’s race and has previously said he opposes the merger. Read more.
