competition

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Aetna-Humana antitrust trial to have a different twist

Aetna headquarters in Hartford

WASHINGTON – As the first part of the antitrust trial on a proposed merger of Anthem and Cigna is wrapping up, a similar challenge to Aetna’s plan to merge with Humana is about to begin. While both are the result of lawsuits to block the mergers filed by the Justice Department on the same day in July, the trials will be much different. Continue Reading →

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UnitedHeathcare a player in insurance merger lawsuits

unitedhealthcare-log

WASHINGTON – UnitedHealthcare, the nation’s largest health insurer and former potential suitor to merge with Cigna, provided the Justice Department with a large amount of sensitive, proprietary and confidential information to help the government investigate and block the mergers by its rivals. Continue Reading →

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CT is Exhibit A in antitrust fight against Anthem-Cigna merger

Cigna headquarters in Bloomfield

WASHINGTON — In its court battle to block the merger of Anthem and Cigna, the U.S. Justice Department plans to use Connecticut’s market as a prime example of why increased consolidation in the health insurance field would hurt consumers. “It was clear to us… that if Connecticut had not decided to participate in the lawsuit, (the state) would have been a focal point of the case anyhow,” said Connecticut Attorney General George Jepsen, who has joined the DOJ lawsuit. Continue Reading →

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Aetna offers divestitures, Cigna looking at its options

Aetna headquarters in Hartford

WASHINGTON — Aetna and Humana said Tuesday they have an agreement to sell Medicare Advantage business covering 290,000 people to rival insurer Molina if their planned merger is allowed to be completed. Aetna also said it is halting 2017 plans to expand participation on public exchanges and is reviewing all of its current participation on Affordable Care Act exchanges. Continue Reading →

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Clinton has ‘serious concerns’ about Aetna-Humana, Anthem-Cigna deals

Hillary Clinton

WASHINGTON — Planned consolidations by some of the nation’s largest health insurers were propelled into the 2016 race for the White House Wednesday as Hillary Clinton said she has “serious concerns” about Aetna’s plan to acquire Humana and Anthem’s proposal to buy Cigna. Continue Reading →

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CT ethics office still in ‘conversation’ with Wade about recusal

Katharine L. Wade.

While Insurance Commissioner Katharine Wade, a former Cigna in-house lobbyist, said she won’t recuse herself from involvement in the $54-billion merger between Cigna and Anthem, the issue has not been settled by the Connecticut Office of State Ethics, which is still in discussions with her about the situation. Continue Reading →

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