As soon as news broke in December of Milwaukee-based Aurora Health Care Inc.’s plans to merge with Advocate Health Care Inc. of Downers Grove, Illinois, speculation began to swirl around which other health care consolidations would follow.
Healthcare is a global concern, of course. But in the U.S., it has taken on concerns that most of the rest of the world does not face – specifically cost. In fact, it now consumes close to 20% of the GDP.
It’s a big step for the Omaha-based insurer, which got out of the individual and small-group health insurance business more than a decade ago, although it has sold Medicare Supplement plans since 1966 and is the second-largest source of those plans.