There are also grumblings in Congress about the deal, which would further consolidate the defense industry.
U.S. District Court Judge Richard Leon questioned whether Aetna’s divestiture of its Medicare Part D business was sufficient and has scheduled another round of hearings.
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.
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.
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.
Updated at 4:57 p.m.
WASHINGTON — Opening salvos were fired Monday in the antitrust case against the proposed merger of Aetna and Humana, with Justice Department attorneys arguing the tie-up would mean sharp price hikes for Medicare Advantage plans and a disintegration of choice for people purchasing insurance on Affordable Care Act exchanges.
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.
WASHINGTON — The Navy lauded Connecticut’s effort to help Lockheed Martin cut the cost of the CH53K King Stallion, a new heavy-lift helicopter for the Marines, but the Navy and the company still are negotiating over the contract for the huge new helicopter.
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.
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.
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.
WASHINGTON – Sen. Richard Blumenthal, D-Conn., and six other Democrats on the Judiciary Committee asked the Justice Department on Wednesday to block two proposed mergers involving Connecticut health insurers, Aetna-Humana and Anthem-Cigna.
WASHINGTON — Planned consolidations by some of the nation’s largest health insurers were propelled into the 2016 race for the White House Wednesday as Hillary Clinton said she has “serious concerns” about Aetna’s plan to acquire Humana and Anthem’s proposal to buy Cigna.
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.
WASHINGTON – Members of both political parties expressed increasing skepticism Tuesday when they continued their scrutiny of the proposed mergers of insurance giants Aetna and Humana and Anthem and Cigna.