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US: Anthem loses appeal of antitrust ruling against proposed Cigna merger

By  |  April 30, 2017

A federal appeals court has denied Anthem’s attempt to challenge a judge’s ruling that its proposed acquisition of Cigna violates antitrust law.

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    In a 2-1 decision issued Friday, a panel of judges upheld Judge Amy Berman Jackson’s decision to enjoin the $54 billion merger. In their written opinion, the panel said Anthem failed to demonstrate that the deal could achieve the “extraordinary efficiencies” necessary to offset the effect of losing Cigna as a competitor in the already highly concentrated markets where it sells employer-based plans to national accounts.

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    The court’s decision was welcome news for the American Medical Association, which had publicly opposed the merger and warned the Justice Department not to settle the case.

    Full Content: Modern Health Care

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