Judge blocks Anthem-Cigna healthcare merger

Source: US News & World Report

“A federal judge on Wednesday ruled that Anthem Inc.’s proposed $54 billion bid to buy rival insurance company Cigna Corp. would result in higher prices and reduced competition, effectively blocking a merger between the nation’s second- and third-largest health insurers. … Anthem and Cigna are among four health insurance companies competing for business in multiple states and specializing in health plans for businesses with 5,000 employees.” (02/09/17)