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.
(Photo: NBC News)AUGUSTA, Maine (NEWS CENTER) -- Maine could become a key to helping Congress agree on a new health insurance law. "Like everything, the devil's always in the details," said Steve Butterfield of Consumers for Affordable Health Care. Maine passed a major health insurance law that year, which included a special "high-risk pool" to provide insurance for several thousand people who had the highest costs for care. The law was superseded by the Affordable Care Act in 2013, but Republicans say, while it lasted, the law significantly reduced costs and made health insurance more affordable for many people. Republicans in Congress are still trying to come up with a replacement or re-write of ObamaCare, the Affordable Care Act.
collected by :Lucy William
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