Judge blocks Anthem-Cigna insurance merger on antitrust grounds

Late Wednesday, a federal judge blocked health insurer Anthem's $54 billion bid to buy rival Cigna, arguing the merger would reduce competition and likely lead to higher prices for customers. The Justice Department had sued to block the deal last summer, and U.S. District Judge Amy Berman Jackson's ruling follows a different federal judge's decision two weeks ago to block the proposed merger of Aetna and Humana on similar antitrust grounds. If the two deals had gone through, the five...

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