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How will health insurer mergers hit Obamacare?
CBS News

Investors got an update last week on the progress of two giant health insurer mergers that, if regulators approve, will shrink the number of major insurers in the U.S. from five to three. On Friday Cigna (CI), the nation’s fourth-largest health insurance company, which agreed to be acquired by Anthem (ANTM), the No. 2 health insurer, announced that the deal, scheduled to close by the end of 2016, may be delayed into 2017.

“In light of the complexity of the regulatory process and the dynamic environment, it is possible that such approvals may not be obtained in 2016,” Cigna said in its first-quarter financial filing last week.

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