![]() ![]() Cigna said it was evaluating its options. “We’ll go all the way we need to make this happen.”Īnthem had a more muted response, saying it was committed to working toward a settlement with the Justice Department for its $45 billion transaction, but would challenge the lawsuit if necessary. “If we can’t come to a negotiation on what markets to divest, although we have two very complete remedies in front of the Department of Justice now, I think I’m willing to let a judge decide,” Bertolini told business news channel CNBC. REUTERS/Gus Ruelas/File PhotoĪetna Chief Executive Mark Bertolini said the company has proposed divesting enough assets to ensure competition in markets where it overlaps with Humana. The office building of health insurer Anthem is seen in Los Angeles, California February 5, 2015. “We have no doubt that these mergers would reduce competition from what it is today,” said Principal Deputy Associate Attorney General William Baer, who spearheaded the antitrust reviews. The deals would hurt consumers in the different markets served by the four companies, from medical coverage provided by large corporations to their employees to Medicare Advantage plans for the elderly and insurance sold to individuals on exchanges created under President Barack Obama’s healthcare reform law, the Justice Department said. “We will protect the interests of the American people.” ![]() Attorney General Loretta Lynch told a news conference on Thursday. We will not shy away from complex cases,” U.S. It was the latest example of the Obama administration challenging massive combinations in major industries, from oilfield services to telecommunications. Department of Justice said the two multibillion-dollar mergers would reduce competition, raise prices for consumers and stifle innovation if the number of large, national insurers were to fall from five to three.
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