Cigna

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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. Continue Reading →

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AMA ‘alarmed’ political influence could sway DOJ on Anthem-Cigna merger

This is a picture of the Anthem Blue Cross and Blue Shield logo at the company's Wallingford headquarters

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. Continue Reading →

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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. Continue Reading →

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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. Continue Reading →

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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. Continue Reading →

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Aetna-Humana antitrust trial to have a different twist

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 will begin Monday. 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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Insurers uncertain as Congress looks to repeal Affordable Care Act

WASHINGTON– Caught off guard by the political changes that make possible the repeal of the Affordable Care Act, the nation’s insurers are hoping Congress will replace the health care law with something that allows them to stay in business – and even thrive. “The discussion right now about repeal and replacement is making the (insurance) market very, very nervous,” Washington State Insurance Commissioner Mike Kreidler, a Democrat, said. Continue Reading →

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UnitedHeathcare a player in insurance merger lawsuits

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

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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