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Mergers

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...
News Story
2/15/2016
Posted by Mark Reback
Watchdog groups are speaking out after Kentucky Insurance Commissioner Brian Maynard approved the Aetna-Humana merger without a formal public hearing, according to Insider Louisville. Although insurance commissioners are not required to hold a public hearing, former Commissioner Sharon P. Clark was initially planning on holding a public hearing...
News Story
1/11/2016
Posted by Mark Reback
California is becoming a battleground state in the fight over health insurance mega-mergers. Consumer advocates are putting pressure on regulators in California and a dozen other key states to scrutinize the deals amid concerns that consumers will be left with fewer choices and higher costs. There's a lot at stake for families and employers if...
News Story
1/11/2016
Posted by Mark Reback
Consumer advocates are urging California regulators to closely scrutinize proposed mergers between some of the nation's largest health insurers, the Los Angeles Times reports (Terhune, Los Angeles Times, 1/11). Background In July 2015, Anthem announced that it agreed to acquire Cigna for $48.4 billion. The combined company would have about 53...
News Release
1/11/2016
Posted by Carmen Balber
Santa Monica, CA — Consumer Watchdog today urged the Department of Managed Health Care (DMHC) to use its authority over the proposed Aetna-Humana merger to enforce a binding agreement that the combined company will not implement any rate hikes that are deemed unreasonable by regulators. In a letter to DMHC, Consumer Watchdog wrote that Aetna...