DENVER (AP) - Colorado's insurance commissioner is giving his approval to the proposed multi-million-dollar merger involving UnitedHealth Group and PacifiCare Health Systems.
Colorado was the last of ten states to approve the planned $9.2 billion merger.
UnitedHealth will divest parts of PacifiCare's commercial health insurance business in Boulder and in Tucson, Arizona to deal with antitrust concerns.
Commissioner David Rivera says the deal between UnitedHealth and the state bars merger costs from being passed on to consumers through higher premiums.
UnitedHealth also agreed to meet goals including faster resolution of calls, claims and appeals from health providers, and complaints forwarded from the state's insurance division.
UnitedHealth's takeover of PacifiCare is the second-largest merger in the hospital managed-care industry.
It would create one of the nation's largest private health plan providers, with about 26 million subscribers.
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