Anthem, Cigna face off against U.S. to save $48 billion deal
Gazette, The (CO)
Anthem, Cigna and the U.S. government offered widely divergent views to a federal judge of the impact their proposed $48 billion combination will have on health-insurance markets.
Justice Department lawyer Jon Jacobs said at the start of an antitrust trial Monday in Washington that the biggest merger in the history of the American health-insurance industry will increase the companies' dominance and cut consumer choice.
Anthem's attorney Christopher Curran responded that the combined company will be able to lower rates to health-care providers, who will pass on the savings to consumers. His client's chief executive officer, Joseph Swedish, who is slated to testify at the trial, sat a few feet away.
It'll be up to U.S. Read more on Colorado Springs Gazette