mergers

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UnitedHeathcare a player in insurance merger lawsuits

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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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Murphy urges Aetna, Cigna to stay, doesn’t oppose mergers

Sen. Chris Murphy

With decisions from the Justice Department pending on two potential mergers involving Aetna and Cigna, U.S. Sen. Chris Murphy, D-Conn., sent a pair of letters Monday urging both companies to maintain a “strong presence” in Connecticut regardless of the outcome. He did not oppose the mergers. Continue Reading →

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Merger opponents ask DOJ to block Aetna-Humana, Anthem-Cigna deals

Cigna headquarters in Bloomfield

WASHINGTON – Opponents of the planned Aetna-Humana, Anthem-Cigna mergers have asked the U.S. Justice Department to block them in a letter that alludes to the controversy over Connecticut Insurance Commissioner Katharine Wade’s lead role in state regulatory approval of one of the deals. Continue Reading →

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This Week in Washington

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Congress moved at the 11th hour to avert a government shutdown, but it’s only a short-term fix — with a new budget deadline of Dec. 11. Access Health CT CEO James Wadleigh defended the operations of Connecticut’s health exchange to skeptical GOP lawmakers. Aetna CEO Mark Bertolini’s plans to merge with Humana were also scrutinized by a House panel this week. Continue Reading →

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Blumenthal, others grill Aetna, Anthem chiefs about mergers

Aetna CEO Mark Bertolini in hearing televised by C-Span.

WASHINGTON – Skeptical members of the Senate Judiciary Committee on Tuesday questioned Aetna CEO Mark Bertolini and Anthem CEO Joseph Swedish about their plans to merge with other large insurers, citing concerns about the consolidation’s impact on consumers. Continue Reading →

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Congress scrutinizes Aetna-Humana and Anthem-Cigna deals

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WASHINGTON– Congressional Republicans are blaming a wave of mergers and other types of consolidation by hospitals, pharmaceuticals and insurers, on the Affordable Care Act. That new interest in consolidation on the health care field is bringing unwanted political attention to the proposed Aetna-Humana and Anthem-Cigna mergers.
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