Regulators, Providers Push Back on Elevance’s Deal to Buy Louisiana Blues
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Sep 01, 2023
The proposed acquisition of Blue Cross and Blue Shield of Louisiana (BCBSLA) by Elevance Health, Inc., the parent company of Anthem, faces deepening legal and political opposition from Louisiana elected officials and other stakeholders. The deal is not the first proposed rollup of Blues affiliates to face determined opposition from state officials and regional health care stakeholders — nor is it likely be the last, experts say.
Public officials including Louisiana Attorney General Jeff Landry, a Republican, have spoken out against the deal. Landry, also the leading Republican candidate in this year’s governor’s race, is in the midst of an antitrust investigation of the sale, according to the New Orleans Times-Picayune. If the deal goes through, the paper reports, it will make Elevance the largest health insurer in the state, with 1.4 million members, beating out UnitedHealthcare.
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