Morning Briefing
Summaries of health policy coverage from major news organizations
States Join Federal Antitrust Effort Against Anthem-Cigna Deal
California Attorney General Kamala Harris is joining a federal Justice Department antitrust lawsuit to block the proposed health insurance mega-merger between Anthem and Cigna, a consolidation that would create the country鈥檚 largest health insurer. While Harris acknowledged that mergers can create benefits for consumers, this deal 鈥渄oes not strike that balance and would drive up costs for consumers and reduce access to quality healthcare for millions of Californians,鈥 she said in a statement. The lawsuit was filed by the Justice Department and attorneys general in nine other states, in addition to California. (Aliferis, 7/21)
California joined U.S. Justice Department antitrust lawsuits filed Thursday in an effort to block the merger of two major health insurers 鈥 Anthem Inc.鈥檚 bid to buy Cigna Corp. The Justice Department also sued to block Aetna Inc.鈥檚 proposed acquisition of Humana Inc., citing concerns that the two megamergers would drastically constrict competition in key markets, drive up premiums and reduce quality. California Attorney General Kamala Harris said the proposed $48.3 billion merger between Anthem and Cigna, which would create the nation鈥檚 largest health insurance company, would 鈥渄rive up costs to consumers and reduce access to quality health care for millions of Californians.鈥 (Colliver, 7/21)
New Hampshire has joined a nationwide effort to block the proposed merger of Anthem and Cigna, the state鈥檚 two largest health insurers. New Hampshire is one of a dozen states that have signed on to a lawsuit by the U.S. Department of Justice, challenging Anthem鈥檚 plans to purchase Cigna for $54 billion. The suit alleges the merger would reduce competition for millions of Americans who receive health insurance from their employers or through the Affordable Care Act. (Wallstin, 7/21)
In a move that isn鈥檛 entirely a surprise, New Hampshire has joined 11 states and the federal government in a lawsuit opposing the $48 billion merger of health insurance giants Anthem and Cigna, saying it would harm competition...The federal government is also suing to block a similar merger, a $37 billion deal between insurance giants Aetna and Humana, also because of concerns about competition. New Hampshire is not part of that lawsuit because the merger has no effect in this state. (Brooks, 7/21)
Tennessee is joining the lawsuit brought by the federal government to block the proposed $54 billion merger between health insurance giants Anthem and Cigna. The U.S. Department of Justice filed a lawsuit today to stop Anthem's acquisition of Cigna over concerns about competition and market concentration. Tennessee joins 10 other states and the District of Columbia in the lawsuit filed today in the U.S. District Court for the District of Columbia. (Fletcher, 7/21)
Meanwhile, Georgia's insurance department is聽postponing its hearing on the聽Aetna-Humana merger聽鈥
The state鈥檚 Department of Insurance on Thursday postponed next week鈥檚 hearing on the Aetna-Humana merger after federal antitrust officials filed suit to block the proposed deal over anti-competitive concerns. The feds also filed a lawsuit Thursday to stop Anthem鈥檚 proposed acquisition of Cigna. Anthem has a significant stake here, being the parent company of Georgia鈥檚 largest health insurer, Blue Cross and Blue Shield of Georgia. But it鈥檚 the Aetna-Humana deal, if consummated, that is expected to have the bigger effect on the health insurance business in Georgia. (Miller, 7/21)