U.S. District Judge Amy Berman Jackson of the Federal District Court for the District of Columbia blocked a proposed $48 billion merger between Anthem Inc. and Cigna Corp. The block came two weeks after the proposed merger between Aetna and Humana was blocked on antitrust grounds.
The judge decided that the proposed merger would be ‘harmful’ to customers and violated federal antitrust law becuase it of its ‘anticompetitive effects.’
In the beginning, the two companies said the merger would create a more ‘diversified’ health insurer, though there was eventually a disagreement that Judge Jackson called ‘the elephant in the courtroom.’
A press release from Anthem states that the company ‘intends to file a notice of appeal and request an expedited hearing of its appeal to reverse the Court’s decision so that Anthem may move forward with the merger…’