Anthem-Cigna Merger

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Many people in Connecticut don’t know that by the end of 2016, Anthem and Cigna may merge — forming one giant too-big-to-fail insurance company that will have a huge amount of control over our health care. 

Mergers are happening within the health insurance and hospital industries. Not sure what that means or why that trend is concerning? Here is a video and blog post to get you started:

 

 

Read: Insurance Industry vs. Hospital Industry: Who Should Consumers Believe?

 

Universal Health Care Foundation founded the Connecticut Campaign for Consumer Choice with two other organizations: Connecticut Citizen Action Group and the Connecticut State Medical Society, to inform consumers and families about the pending mergers of Anthem Inc. with Cigna Corp. and Aetna with Humana Inc.

On March 22, the campaign sent a letter to Commissioner Katherine Wade, raising concerns about the Anthem-Cigna merger and asking for a thorough and transparent review process.


However, there is good news: the Anthem-Cigna merger is not  yet a done deal.

The Antitrust Division of the Department of Justice, a federal regulator, must approve the deal. The proposed merger has raised anti-trust concerns in part because of the negotiating leverage that the bigger insurers might gain over entities like health care providers. 

We at the Foundation are also concerned what this merger could mean for Connecticut residents. Here is what we have been saying...

 

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