December 21, 2016
Cigna Corp.'s seeming lack of enthusiasm about its $54 billion merger with rival Anthem Inc. has given the U.S. Department of Justice a leg up in an ongoing trial in D.C. federal court over claims the deal will harm competition, experts say.
December 20, 2016
Anthem Inc. urged a D.C. federal judge Monday to raise the Department of Justice's burden of proof in an antitrust trial over its $54 billion merger with Cigna Corp., saying the agency must show that the deal will make certain medical providers unprofitable.
December 14, 2016
The Department of Justice's admission that a $54 billion merger between Anthem Inc. and Cigna Corp. would cut provider rates is proof that the government's case to block the deal is "internally tortured," Anthem told a D.C. federal judge at the start of the trial's second phase Wednesday.
December 13, 2016
A D.C. federal judge appeared dissatisfied with the evidence Anthem Inc. has put forth to show that its $54 billion proposed merger with Cigna Corp. wouldn't harm competition during a rare session in an antitrust bench trial Tuesday.
December 12, 2016
Top Aetna Inc. executives on Monday denied that the health insurer's decision to withdraw from various Affordable Care Act exchanges is meant to evade antitrust scrutiny surrounding its $37 billion merger with Humana Inc., testifying in D.C. federal court that the individual health plan markets are simply too risky a venture.
December 08, 2016
A D.C. federal judge on Thursday rejected Anthem Inc.'s bid to recall its key expert witness in an ongoing antitrust trial over its $54 billion proposed merger with Cigna Corp., finding the economist had plenty of time to address arguments from his counterpart retained by the U.S. Department of Justice.
December 08, 2016
The U.S. Department of Justice fired back Wednesday against Anthem Inc.’s bid to recall its key expert witness in an ongoing antitrust trial over its $54 billion proposed merger with Cigna Corp., saying the economist already addressed the proposed “rebuttal testimony” his first time on the stand.
December 07, 2016
Anthem Inc. asked a D.C. federal judge Wednesday for permission to call its key expert witness back to the stand in an ongoing antitrust trial over its $54 billion proposed merger with Cigna Corp., saying the U.S. Department of Justice's expert raised issues for the first time on rebuttal.
December 02, 2016
The U.S. Department of Justice's key expert witness in a challenge to Anthem's Inc.'s proposed $54 billion merger with Cigna Corp. fended off criticism to his economic analysis finding the deal harms competition, testifying at trial Friday that his methods were more accurate than those used by Anthem's experts.
December 01, 2016
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.