Nov. 14--Missouri's top insurance regulator will postpone a public hearing on the Anthem-Cigna merger, a tie-up that could leave the St. Louis area with fewer insurance carriers to choose from.
The Missouri hearing, set for Thursday, Nov. 17, will be postponed because of the federal court case that starts Nov. 21, in which antitrust regulators are trying to block the mega-merger that they have said would stifle innovation and drive up prices for consumers across the country.
No date has been set for the postponed Missouri hearing.
The same experts and representatives will be needed to testify or assist in the federal case, according to filings with the Missouri Department of Insurance, Financial Institutions and Professional Registration.
The Missouri hearing would have given the department the opportunity to question insurance representatives and opponents about the merger and its effects.
The department held a similar hearing over the other mega-insurance merger between Aetna and Humana. The department later ruled against the Aetna-Humana merger, barring the two from selling certain plans in Missouri if the deal were to go through.
Samantha Liss --314-340-8017
@samanthann on Twitter
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