Economist Rallies To Defense Of $54B Anthem-Cigna Deal

Law360, Washington (December 1, 2016, 8:13 PM EST) -- An economist hired by Anthem Inc. assured a D.C. federal judge Thursday that the health insurer’s $54 billion merger with Cigna Corp. would generate $2.4 billion in cost savings that will benefit customers, providing a key defense to a U.S. Department of Justice suit claiming the deal is anticompetitive.

The expert, Compass Lexecon Senior Managing Director Mark A. Israel, spent hours on the witness stand describing to U.S. District Judge Amy B. Jackson during a bench trial how he believes the record-breaking health insurance merger would...
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