WASHINGTON — After a federal judge blocked the deal last month, Aetna on Tuesday announced it would no longer pursue a $37 billion merger with Humana. U.S. District Judge John Bates ruled last month that a merger of the health insurers would result in a lack of competition in the Medicare Advantage market.
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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 →
WASHINGTON — The U.S. Justice Department won a second big health insurer antitrust case late Wednesday when a federal judge blocked a proposed merger between Anthem and Cigna. The Justice Department said the merger would stiffle competition, resulting in higher premiums and poorer medical care. Continue Reading →
WASHINGTON — The antitrust trial over a proposed merger between Aetna and Humana wrapped up Wednesday, with U.S. District Court Judge John Bates asking probing questions of both Justice Department lawyers seeking to block the deal and attorneys for the insurers defending their plan. Continue Reading →
Updated at 6:35 p.m.
WASHINGTON — Justice Department attorneys on Monday continued to try to undercut arguments by Aetna CEO Mark Bertolini that his company’s Medicare Advantage program competes with government-run Medicare. Continue Reading →
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. Continue Reading →
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 →
WASHINGTON — Anthem, Cigna and the U.S. Justice Department on Monday tried to sway a federal judge with widely differing views on the impact a proposed merger of the insurers would have on the U.S. health care market. Continue Reading →
WASHINGTON — Federal monitors will watch elections in Hartford, West Hartford, East Hartford, New Britain, Farmington, Middletown and Newington on Tuesday. Secretary of the State Denise Merrill says they will observe the new voting system for the disabled. Continue Reading →
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 →
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 →
Updated at 5:12 p.m.
WASHINGTON — A group of liberal senators and Aetna CEO Mark Bertolini continued their battle Friday, with the lawmakers accusing the insurance executive of avoiding their questions about Aetna’s decision to quit 11 health insurance exchanges. Continue Reading →
WASHINGTON — The American Medical Association, strongly opposed to the merger of Anthem and Cigna, said the deal would greatly limit competition in Connecticut and nine other states, leading to premium increases and fewer choices of doctors and hospitals for the state’s patients. Continue Reading →
Updated 5:27 p.m.
WASHINGTON – In a strongly worded letter to Aetna CEO Mark Bertolini, Sen. Elizabeth Warren and several other Democrats, including Sen. Bernie Sanders, have asked the company to explain why it entered into a “risky” merger deal with Humana that now makes it financially unable to sell policies in 11 state health insurance exchanges. Continue Reading →
WASHINGTON — Aetna CEO Mark Bertolini told the Justice Department the insurer would have to pull back from the Affordable Care Act’s state insurance exchanges if a proposed merger deal with Humana was not approved, provoking strong reaction on Capitol Hill. Continue Reading →