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.
mergers
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, Politics
Justice Dept. sues to block Aetna-Humana, Anthem-Cigna mergers
WASHINGTON — The Justice Department filed lawsuits Thursday to block both proposed mergers between Aetna and Humana and Anthem and Cigna. The insurers said they would fight the suits.
Posted inHealth
Murphy urges Aetna, Cigna to stay, doesn’t oppose mergers
With decisions from the Justice Department pending on two potential mergers involving Aetna and Cigna, U.S. Sen. Chris Murphy, D-Conn., sent a pair of letters Monday urging both companies to maintain a “strong presence” in Connecticut regardless of the outcome. He did not oppose the mergers.
Posted inHealth, Politics
Merger opponents ask DOJ to block Aetna-Humana, Anthem-Cigna deals
WASHINGTON – Opponents of the planned Aetna-Humana, Anthem-Cigna mergers have asked the U.S. Justice Department to block them in a letter that alludes to the controversy over Connecticut Insurance Commissioner Katharine Wade’s lead role in state regulatory approval of one of the deals.
Posted inHealth, Politics
Blumenthal asks DOJ to stop Aetna-Humana, Anthem-Cigna mergers
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.
Posted inNews
Insurance mergers face hurdles, increased opposition
WASHINGTON – The CEOs of the large health insurers hoping to close on historic mergers are telling investors and the public the deals are on track, but there still are a number of hurdles, and increasing opposition, to the deals.
Posted inHealth, Politics
CT signs off on Aetna-Humana merger, but other hurdles remain
WASHINGTON — The Connecticut Insurance Department has signed off on Aetna’s proposed merger with Humana, but other hurdles remain for that deal and another merger proposed by Cigna and Anthem.
Posted inHealth
Unlike UnitedHealth, Aetna, Anthem say they will stay in ACA exchanges
WASHINGTON — UnitedHealth may quit the nation’s insurance exchanges, but Aetna and Anthem say they are staying and will work on problems with the marketplaces.
Posted inPolitics
This Week in Washington
Congress moved at the 11th hour to avert a government shutdown, but it’s only a short-term fix — with a new budget deadline of Dec. 11. Access Health CT CEO James Wadleigh defended the operations of Connecticut’s health exchange to skeptical GOP lawmakers. Aetna CEO Mark Bertolini’s plans to merge with Humana were also scrutinized by a House panel this week.
Posted inHealth, Politics
Blumenthal, others grill Aetna, Anthem chiefs about mergers
WASHINGTON – Skeptical members of the Senate Judiciary Committee on Tuesday questioned Aetna CEO Mark Bertolini and Anthem CEO Joseph Swedish about their plans to merge with other large insurers, citing concerns about the consolidation’s impact on consumers.
Posted inHealth, Politics
Congress scrutinizes Aetna-Humana and Anthem-Cigna deals
WASHINGTON– Congressional Republicans are blaming a wave of mergers and other types of consolidation by hospitals, pharmaceuticals and insurers, on the Affordable Care Act. That new interest in consolidation on the health care field is bringing unwanted political attention to the proposed Aetna-Humana and Anthem-Cigna mergers.