U.S. District Court Blocks Anthem-Cigna Merger

The U.S. District Court for the District of Columbia has granted a request from the Justice Department to block the proposed merger of Anthem and Cigna.  This merger would have created the largest insurer in the nation.  

Anthem intends to file notice of appeal and request an expedited hearing.

“Anthem is significantly disappointed by the decision as combining Anthem and Cigna would positively impact the health and well-being of millions of Americans - saving them more than $2 billion in medical costs annually,” said Joseph R. Swedish, Chairman, President and Chief Executive Officer, Anthem."
"Anthem has been a leader in providing individuals with access to high quality, affordable healthcare. Our decision to acquire Cigna is grounded in our commitment to this goal and to leading our industry during this period of dynamic change "

Statement from California Insurance Commissioner Dave Jones...

 "Today's federal court decision to block the merger of two of the nation's largest health insurers is a significant win for consumers who need more choice, not less, in an already highly concentrated health insurance market. Bigger was definitely not better when it comes to the Anthem-Cigna merger". 

Not too long ago a proposed merger between Aetna and Humana was also blocked.

Anthem Press Release on Merger Block


Dave
www.davefluker.com



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