Updated at 5:12 p.m.
WASHINGTON — A group of liberal senators and Aetna CEO Mark Bertolini continued their battle Friday, with the lawmakers accusing the insurance executive of avoiding their questions about Aetna’s decision to quit 11 health insurance exchanges. Continue Reading →
WASHINGTON — The American Medical Association, strongly opposed to the merger of Anthem and Cigna, said the deal would greatly limit competition in Connecticut and nine other states, leading to premium increases and fewer choices of doctors and hospitals for the state’s patients. Continue Reading →
Updated 5:27 p.m.
WASHINGTON – In a strongly worded letter to Aetna CEO Mark Bertolini, Sen. Elizabeth Warren and several other Democrats, including Sen. Bernie Sanders, have asked the company to explain why it entered into a “risky” merger deal with Humana that now makes it financially unable to sell policies in 11 state health insurance exchanges. Continue Reading →
WASHINGTON — Aetna CEO Mark Bertolini told the Justice Department the insurer would have to pull back from the Affordable Care Act’s state insurance exchanges if a proposed merger deal with Humana was not approved, provoking strong reaction on Capitol Hill. Continue Reading →
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 →
WASHINGTON — Connecticut Attorney General George Jepsen said he is concerned an Anthem-Cigna merger would result in decreased competition and higher premiums and will make a decision in as soon as two weeks whether to try to block it in court. Continue Reading →
WASHINGTON – So far, Aetna appears to be clearing the regulatory and antitrust hurdles it faces to merge with Humana more easily, while Anthem’s proposed marriage to Cigna has faced more troubles. Neither has yet cleared the hurdle of antitrust approval from the U.S. Justice Department. Continue Reading →
WASHINGTON — A consumer group says Gov. Dannel Malloy should avoid “going back to the days of Corrupticut” and replace Insurance Commissioner Katharine Wade as the key state regulator on a proposed mega-merger between Anthem and Cigna insurance companies. Continue Reading →
Updated at 5:30 p.m.
WASHINGTON — Opponents of the proposed Aetna-Humana merger on Thursday blasted the state insurance department for approving the deal, saying it was “rubber stamped” without public input, and asked the department to reopen the case. Continue Reading →
The U.S. House of Representatives was out and the Senate had a shortened work week because of the Veterans Day holiday, but there was still plenty of activity in Congress. The Senate approved a final defense bill that authorizes billions of dollars in spending on weapon systems developed in Connecticut. The Federal Railroad Administration took a big step forward on an ambitious overhaul of the rail system in the Northeast Corridor. Continue Reading →
WASHINGTON – Saying it would end competition in key markets and erode patient care, the American Medical Association has asked the Justice Department to quash the proposed mergers between insurance giants Aetna and Humana and Anthem and Cigna. Continue Reading →
Congress approved billions for Connecticut defense projects; Sen. Richard Blumenthal stepped up his campaign fundraising with attacks on CNBC commentator Larry Kudlow; Lockheed Martin got the last approval it needed to finalize its purchase of Sikorsky; and the White House released the text of the Trans-Pacific Partnership. Continue Reading →
WASHINGTON – Lockheed Martin said on Tuesday that it has received a final regulatory approval from China, allowing it to close on its $9 billion acquisition of Sikorsky Aircraft from United Technologies. Lockheed Martin said it anticipated closing on Friday. Continue Reading →
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 →
Connecticut Attorney General George Jepsen will no longer recuse himself from the review of a proposed $54 billion merger between Anthem and Cigna, his office revealed on Tuesday. Continue Reading →