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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, 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.

Posted inHealth, Politics

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.

Posted inHealth, Justice

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.