WASHINGTON — Despite reports to the contrary, President Donald Trump has not committed to making payments that insurers like Anthem say are needed for them to consider staying in Access Health CT and other state health insurance exchanges.
Anthem
Posted inHealth, Politics
Aetna to quit Iowa’s ACA exchange, may leave all others
WASHINGTON — Aetna announced Thursday it is leaving Iowa’s Affordable Care Act marketplace and is considering abandoning the three remaining state exchanges it sells policies in this year. Aetna’s is the latest in a steady drip-drip-drip of announcements from insurers about their concerns over staying in the ACA’s state exchanges.
Posted inHealth, Politics
Insurers lobbying to keep ACA payments the GOP hates
WASHINGTON — The nation’s health insurers, who are key to the survival of the Affordable Care Act, are asking the Trump administration to keep a program congressional Republicans have sued to eliminate. What the president, who predicted the ACA would “explode,” does about that and several other things will determine the ACA’s future health.
Posted inHealth, Politics
Anthem’s cost savings at center of merger suit appeal argument
WASHINGTON — Anthem and the Justice Department faced off in court Friday over the insurer’s proposed merger with Cigna, with the legal wrangling centered on whether any savings from the deal would justify shrinking the market for large employer insurance policies from four to three carriers.
Posted inHealth
In appeal, feds argue merger with Anthem would hurt Cigna’s ‘value-based’ care
WASHINGTON – In its showdown next week with Anthem over a planned merger with Cigna, the Justice Department will make the Bloomfield-based insurer’s unique business model a key part of its argument aimed at swaying an appellate court to reject the $54 billion deal.
Posted inHealth, Politics
Insurers quietly assessing GOP health plan’s benefits and pitfalls
WASHINGTON — The nation’s health insurers are weighing the GOP’s newly released bill to replace the Affordable Care Act, which contains things they wanted – and some things they may not like, but for now keeping their opinions to themselves. “If they are smart, they are going to remain silent and let the legislation take its course,” said Rep. John Larson, D-1st District.
Posted inHealth, Politics
AMA ‘alarmed’ political influence could sway DOJ on Anthem-Cigna merger
Updated at 6:25 p.m.
WASHINGTON — The American Medical Association, says it is “alarmed” Anthem may be taking advantage of changes in leadership in the Justice Department that would “bend antitrust laws” and result in a settlement of the federal case that has blocked its merger with Cigna.
Posted inHealth, Politics
Anthem’s pursuit of Cigna still in play, but faces huge hurdles
WASHINGTON — Anthem’s effort to merge with Cigna, which seemed to end with a huge thud when a federal court ruled the $54 billion deal is anti-competitive, may have been given new life – but the odds are long and Connecticut could stand in the way.
Posted inHealth
In legal soap opera, Cigna and Anthem trade charges of sabotage
WASHINGTON – In a vicious legal battle laid out in court papers unsealed Friday, Cigna accuses Anthem of undermining its business by stealing confidential information and soliciting its customers. Anthem counters in a rival filing that Cigna worked to sabotage the companies’ proposed merger after its executives were not promised the positions they wanted in the merged company.
Posted inHealth, Justice, Politics
Anthem sues to stop Cigna from ending merger attempt
WASHINGTON — The messy divorce between Anthem and Cigna took another turn Wednesday in a Delaware court that will be the scene of further expensive legal battling over the insurers’ merger attempt.
Posted inHealth, Politics
Cigna sues to end merger deal, seeks $15 billion from Anthem
WASHINGTON — The tumultuous relationship between proposed merger partners Anthem and Cigna continued Tuesday as Cigna called for an end to the deal and demanded about $15 billion from Anthem – which said it is “committed to closing the transaction.”
Posted inHealth, Justice
Anthem will appeal judge’s decision to block merger with Cigna
WASHINGTON — Anthem said Thursday it will appeal a federal court’s decision to block the health insurer’s planned merger with Cigna. The decision to appeal came quickly on the heels of U.S. District Judge Amy Berman Jackson’s ruling late Wednesday that the $54 billion merger would reduce competition in dozens of insurance markets across the nation.
Posted inHealth, Politics
Federal judge rejects Anthem-Cigna merger
WASHINGTON — The U.S. Justice Department won a second big health insurer antitrust case late Wednesday when a federal judge blocked a proposed merger between Anthem and Cigna. The Justice Department said the merger would stiffle competition, resulting in higher premiums and poorer medical care.
Posted inHealth, Politics
Judge blocks Aetna-Humana merger
Updated at 4:35 p.m.
WASHINGTON — A federal judge on Monday rejected a proposed merger between Aetna and Humana, saying the $37 billion deal would “be likely to substantially lessen competition” in the Medicare Advantage market. Aetna is considering an appeal.
Posted inHealth, Justice
Cigna distances itself from Anthem at key point in merger trial
WASHINGTON — Hostilities between proposed merger partners Anthem and Cigna were on full display Tuesday at a key point of a U.S. antitrust trial over the deal. Cigna attorney Rick Rule said the company did not sign a key closing document because it did not agree with Anthem’s characterizations of the testimony of certain Cigna witnesses.