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Anthem-Cigna merger

News Release
6/20/2016
Posted by Carmen Balber
Santa Monica, CA – The California Department of Managed Healthcare (DMHC) approved the merger of Aetna and Humana today, sanctioning unjustified rate increases and without requiring the insurer pass on any projected savings to consumers. Consumer Watchdog urged the U.S. Department of Justice, which has final merger approval authority, to...
News Release
6/16/2016
Posted by Carmen Balber
Santa Monica, CA – The U.S. Department of Justice should adopt today's recommendation by California Insurance Commissioner Dave Jones and reject the proposed $50 billion merger of health insurance giants Anthem and Cigna, said Consumer Watchdog. Consumer Watchdog urged Commissioner Jones to reject the merger in testimony at a March...
News Story
6/16/2016
Posted by Mark Reback
California Insurance Commissioner Dave Jones urged federal officials to block the merger of health insurance giants Anthem Inc. and Cigna Corp., declaring the $54-billion deal anti-competitive and harmful to consumers. The state insurance department doesn’t have the authority to thwart the merger on its own, but Jones’ recommendation...
News Story
4/25/2016
Posted by Mark Reback
The proposed $37 billion merger between health insurers Aetna Inc. and Humana Inc. will face regulatory scrutiny Wednesday in a hearing by the California Department of Insurance. The 9 a.m. hearing in Room 113 of the State Capitol in Sacramento comes on the heels of last month’s meeting over Anthem Inc.’s plan to acquire Cigna Corp....
News Story
4/5/2016
Posted by Mark Reback
The merger "would create the nation's largest insurer, which could have a significant impact on California's consumers, businesses, and the healthcare marketplace," says on consumer advocate. But few studies show "higher insurer market concentration leads to lower health insurance premiums," according to health...
News Story
3/30/2016
Posted by Mark Reback
SAN FRANCISCO — State insurance commissioner Dave Jones continued to make his skepticism clear regarding Anthem Inc.’s proposed $54.2 billion acquisition of Cigna Corp. during a hearing here on Tuesday. Company executives faced Jones and a panel of physicians and consumer advocates who questioned the benefits the companies say the...
News Release
3/29/2016
Posted by Carmen Balber
San Francisco, CA – Consumer Watchdog today called on Insurance Commissioner Dave Jones to reject a proposed merger of Anthem and Cigna that will severely restrict competition in California and is expected to cause health insurance price increases and benefit reductions for 16.8 to 33.3 million Californians. Read Consumer Watchdog’s...
News Story
3/29/2016
Posted by Mark Reback
SAN FRANCISCO, CA -- California Insurance Commissioner Dave Jones says he has "some significant skepticism" about the benefits of Anthem Inc.'s proposed acquisition of rival insurer Cigna Corp. Jones spoke at a public hearing on the proposed $54 billion merger Tuesday in San Francisco. Jones is the chief regulator for a small...
Video
3/29/2016
Posted by Mark Reback
Consumer advocates warn regulators to oppose the proposed Anthem-Cigna health insurance mega-merger to protect consumers.
News Story
3/28/2016
Posted by Mark Reback
Anthem Inc.’s proposed $54 billion acquisition of Cigna Corp., which would create the country’s largest health insurer, faces scrutiny Tuesday as state regulators hold a public hearing in San Francisco to address concerns about the megamerger. The hearing comes a week after state regulators approved the merger of HealthNet and Missouri...