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Proposed Anthem-Cigna Merger Under Fire from CA Consumers
Health Leaders Media

A proposed merger between insurers Anthem Inc. and Cigna Corp. drew fire from consumer advocates who say the merger would give Anthem too much market share and potentially lead to higher premiums.

Both proponents and critics of the proposed $54 billion merger spoke at a March 29 public hearing in Sacramento convened by the state Department of Insurance. Executives from Anthem and Cigna said the merger would create a larger and more efficient company that would have more leverage with providers and could lead to more affordable premiums.