Federal judge blocks $54 billion Anthem-Cigna health insurance merger

A federal judge on Wednesday ruled against U.S. health insurer Anthem's proposed $54 billion merger with smaller rival Cigna, derailing an unprecedented effort to consolidate the country's health insurance industry.

The U.S. Justice Department sued in July to stop Anthem's purchase of Cigna, a deal that would have created the largest U.S. health insurer by membership, and Aetna's planned $33 billion acquisition of Humana.

The merger would have worsened an already highly concentrated market...

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