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California Insurance Commissioner Urges Feds To Block $54 Billion Anthem-Cigna Deal
Kaiser Health News

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 Thursday could carry considerable weight in Washington and hinder the companies’ efforts to win federal antitrust approval.