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Aetna to Reduce Participation in Public Health Care Exchanges

Aetna (AET) announced after market close Monday that it will reduce its participation in the public health exchange market created by the Affordable Care Act, a move that analysts say will likely allow its acquisition of Humana (HUM) to overcome Department of Justice opposition.

The Hartford, Conn.-based company announced Aug. 15 that it will decrease its participation in the public health exchanges from 778 counties to 242 countries, and decreasing the number of states it operates in from 15 to four. The exchanges were...