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California insurance commissioner urges U.S. to block Anthem-Cigna deal
Reuters

California’s insurance commissioner on Thursday urged the U.S. Department of Justice to block health insurer Anthem Inc’s (ANTM.N) acquisition of Cigna Corp (CI.N), saying he is concerned it will raise premiums in the state.

Dave Jones, who as insurance commissioner in California does not have authority to approve the deal, said he believes his recommendation will hold weight with U.S. antitrust regulators examining the acquisition.

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