Ritter Insurance Marketing, Craig Ritter

California Insurance Commissioner Opposes Anthem-Cigna Deal

Although the California DOI does not have the authority to block the Anthem-Cigna merger, the CA DOI does have some influence over the process and advised the Department of Justice to block the merger of Anthem and Cigna on grounds that the combination would be anti-competitive for California health insurance consumers.

If approved, the deal would vault Anthem (Anthem operates as Anthem Blue Cross in California) to the #1 position in Health insurance, ahead of Kaiser Permanente.

Here is the complete story from Kaiser Health News.

Wall Street didn’t find the news terribly troubling as the stocks of both Anthem and Cigna were slightly higher on a “down day”.

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