News Headlines Article

Anthem To Buy Cigna, Creating Largest Health Insurer By Enrollment
National Public Radio

Health insurer Anthem has struck a deal to acquire rival Cigna for $48 billion — a buyout that would create the country’s largest health insurer by enrollment.

The combined entity would have an estimated revenue of $115 billion and cover 53 million people in the U.S.

According to The New York Times, Indianapolis-based Anthem operates Blue Cross plans in 14 states and has a strong presence in Medicaid plans. Bloomfield, Conn.-based Cigna “is best known for offering plans through employers and selling other kinds of insurance like dental and disability.”