UM System employee health insurance audit could save nearly $4 million
Low near 50F. Columbia, MO (65201)TodayShowers and thunderstorms likely. Winds NE at 15 to 25 mph. Chance of rain 80%. Chance of rain 100%.The Anthem-Cigna merger is the second insurance deal the Justice Department's antitrust division stopped this year, according to Bloomberg. A U.S. appeals court in Washington D.C. voted to uphold a lower court decision blocking Anthem, one of the U.S.'s largest insurance companies, from merging with Cigna, its competitor. The appeals court rejected Anthem's key argument--that consumers' medical savings from the merger would offset any negative anticompetitive effects, Bloomberg reports. Anthem is the second biggest medical insurance seller to big companies, and Cigna is the third. Before the court's ruling, the U.S. Department of Justice, 11 states, a district court judge, several consumers and medical professionals opposed the merger.
collected by :Lucy William
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