anti-trust

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Aetna offers divestitures, Cigna looking at its options

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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Short week for Congress yields defense funding, railroad revival

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 →

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AMA asks Justice Department to block Aetna-Humana, Anthem-Cigna mergers

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 →

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

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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Aetna-Humana, Anthem-Cigna mergers spark D.C. lobbying war

WASHINGTON — With high stakes in play, Aetna, Inc. has hired four high-powered Washington lobbying firms to help the company win federal approval of a merger with Humana. Cigna followed by hiring three D.C. lobbying firms this week to press its case to merge with Anthem. Continue Reading →

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Blumenthal wants Congress to punish NFL if it doesn’t reform

Sen. Richard Blumenthal, D-Conn., said Monday he’s introducing a bill that would strip the NFL — and other professional sports teams — of their lucrative antitrust exemptions if they don’t reform. The NFL is under scrutiny for a number of recent scandals, including its handling of domestic violence allegations against former Baltimore Raven Ray Rice. Speaking outside of UConn’s Rentschler Field in East Hartford, Blumenthal said his legislation would make the antitrust exemption, which allows professional sports leagues and teams to negotiate exclusive broadcasts rights, renewable every five years. “The era of blank checks must end,” Blumenthal said. Blumenthal wants the NFL to crack down on players and staff accused of domestic violence — and donate money to organizations that help victims.

“The NFL should not be the aider and abettor of domestic violence,” he said. Continue Reading →

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