News Headlines Article

Ahead of merger, Anthem-Cigna member base slips
San Francisco Chronicle

With open enrollment season looming, the Connecticut Insurance Department released new data showing slipping membership figures for Anthem Blue Cross Blue Shield and Cigna, but with the two still wielding a mighty 64 percent market share as regulators prepare for hearings on whether to approve a combination between the two companies. In July, Bloomfield-based Cigna (NYSE: CI) agreed to a $54 billion merger with Anthem (NYSE: ANTM), which is based in Indianapolis with its Connecticut office in Wallingford. The deal is subject to approval by state and federal regulators as well as shareholders.