News Headlines Article

California regulator asks U.S. to block Anthem-Cigna deal
Los Angeles Times

California’s insurance commissioner on Thursday urged the U.S. Justice Department to block health insurance giant Anthem Inc.’s acquisition of rival Cigna Corp., saying he believes it will lead to higher premiums and less access to care.

“When it comes to the Anthem and Cigna merger, bigger is not better for California’s consumers,” said Insurance Commissioner Dave Jones.

Jones does not have the authority to block the merger. But he said he had reviewed evidence presented at a March 29 hearing, as well as studies of past mergers, and concluded that the deal was “anti-competitive.”