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.
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Posted inHealth, Politics
AMA ‘alarmed’ political influence could sway DOJ on Anthem-Cigna merger
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.
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, Politics
Federal judge rejects Anthem-Cigna merger
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.
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.