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US: Judge to block mega-merger of Anthem and Cigna: NY Post

By  |  January 19, 2017

A federal judge is expected to block a proposed deal between health insurer Anthem and Cigna as soon as Thursday, the New York Post reported, citing sources.

Anthem, which operates Blue Cross Blue Shield health insurance plans in 14 US states, is trying to buy smaller rival Cigna. The government sued seven months ago to stop the deal, saying it was anti-competitive.

Judge Amy Berman Jackson of the US District Court for the District of Columbia has not yet issued an opinion on the case. The trial began late last year, and Cigna said it ended on Jan. 4.

Anthem is preparing for an appeal of any ruling that doesn’t go its way and insiders expect Jackson to rule against the deal, the Post reported.

Anthem said earlier on Thursday it extended the deadline for its acquisition of Cigna by three months.

Full Content: New York Post

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