Cigna

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Attacked by Trump, insurers tout economic impact in CT, other states

WASHINGTON — Under attack from President Donald Trump, the nation’s insurers hit back Monday with a report aimed at showing the industry’s impact on the U.S. economy and the economies of every state, including Connecticut, where it said health insurers are a $1.15 billion business. Continue Reading →

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Malloy says senators ‘unnecessarily antagonistic’ to insurers

Gov. Dannel P. Malloy delivered a public rebuke Wednesday evening to the Democratic and Republican leaders of the Senate, accusing them of misrepresenting his insurance commissioner’s position on a consumer-protection bill and taking an “unnecessarily antagonistic approach toward Connecticut’s insurance industry.” Continue Reading →

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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. Continue Reading →

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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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