Judge blocks $54 billion Anthem-Cigna health insurance merger

A federal judge blocked the $54 billion merger between health insurance giants Anthem and Cigna on Wednesday, saying the deal would increase prices and reduce competition. The ruling follows a similar decision by a different judge to block the proposed $37 billion merger between Aetna and Humana last month. "This merger would have stifled competition, harming consumers by increasing health insurance prices and slowing innovation aimed at lowering the costs of healthcare," Snyder said in a statement. The judge said that with only four companies competing for that business, the merger would reduce competition for national accounts in 14 states. It is the second recent court decision to uphold the Justice Department's opposition to deals that would have radically reshaped the health insurance landscape, consolidating the five largest insurers in the United States into three companies.
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