Appeals Court Upholds Decision To Block $54B Anthem, Cigna Merger

The $54 billion marriage between health insurance behemoths Anthem and Cigna is still off after a federal appeals court denied Anthem’s efforts to overturn a previous court order blocking the mega-merger.

In a 2-1 ruling [PDF] the U.S. Court of Appeals for the District of Columbia Circuit upheld a federal judge’s ruling from February that blocked the merger on grounds that the deal would not benefit consumers.

Anthem and Cigna, who are now suing each other over the merger, appealed the...

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