Cigna merger blocked

Judge Amy Berman Jackson of the U. District Court for the District of Columbia made the ruling. Anthem-Cigna Merger Blocked by Appeals Court and the Utility of Efficiencies in Mergers Going Forward May. Providing Global Citizens with Direct Access to Healthcare for Over Years.

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What do People Think About Us? Transferring to Cigna is Very Easy. Find Here All You Need to Know. A federal judge ruled against U. With the $billion purchase deraile Anthem will have to.

Woodland Hills, California. Health Insurance News — A potential $billion deal that would have merged two major health care insurance companies, Anthem and Cigna , which would have represented the largest health insurance transaction in the U.

S to date, has been blocked by a federal judge in Washington DC. More on Anthem and Cigna merger below. Read the appellate court’s decision. Our original story, filed after appellate arguments in this case, was published April and appears in its entirety below. Laster ruled in that Cigna could walk away from the merger because another court blocked the deal as anticompetitive.

Cigna-Anthem’s merger would have reduced the number of national insurance carriers from four to three, and the court found that the reduction would be significant. Delaware judge ruled almost three months after another court blocked the deal as anticompetitive. On February the proposed merger between rival insurance giants Anthem and Cigna was blocked due to competition concerns.

Had the merger gone ahea the company would have become the largest insurance company in the US by membership – boasting a total annual revenue of $115bn and providing coverage to approximately members. Combine Anthem and Cigna already provide health insurance to million of New York City’s 8. Catch up on the history of this failed deal: Anthem, Cigna pay $3M to states that sued to block. Justice Department announced.

Anthem filed a lawsuit to force its smaller rival to go through with the combination. This decision was expected after the Aetna-Humana ruling , as the arguments from the U. This week, a federal judge blocked a $million merger between Anthem and Cigna , saying the proposed deal would have increased prices and threatened competition.

Icahn to Block $54B Cigna -Express Scripts Merger. Billionaire hedge fund manager Carl Icahn has amassed a sizable stake in health insurance industry giant Cigna Corp. CI) and plans to vote against its proposed $billion acquisition of Express Scripts Holding Co.

ESRX) when shareholders vote Aug. The Wall Street Journal. Last month, a judge ruled that Cigna could walk away from the merger , a few months after another judge ruled the deal would be anticompetitive.

Moreover, Anthem and Cigna will comprise the largest medical insurance group. This essay I will mainly discuss the reasons that U. S’s government tend to block the health insurance company merger in the U.