Ritter Insurance Marketing, Craig Ritter

Cigna-Express Scripts Merger Gets Antitrust Approval

Updates on Upcoming Mergers Cigna has received antitrust approval for their acquisition of Express Scripts. The deal is predicted to fully close by the end of 2018. This is also good news for the CVS-Aetna merger, as that antitrust approval is still in the works. Cigna’s acquisition of Express Scripts was first announced about…

19 Sep 18
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CVS-Aetna & Cigna-Express Scripts Deals Likely to Get Approval

The Department of Justice (DOJ) is reportedly very close to approving the mergers between CVS and Aetna and Cigna and Express Scripts. Those familiar with the deals predict the DOJ’s formal antitrust approvals will come within the next several weeks. Update on the CVS-Aetna Merger Regulators reportedly have some concerns that the almost $70 billion deal between…

2017 Cigna Medicare Advantage Acquisitions Possible

It’s only been one month since its $54 billion deal officially ended with Anthem, but Cigna is already on the lookout for new potential business partners. It’s possible we could see Cigna Medicare Advantage acquisitions in 2017. Cigna Chief Executive Officer David Cordani stated the company has $7 billion to $14 billion it could use…

CMS Lifts Sanctions on Cigna MAPD

Cigna, whose Medicare Advantage business has been under sanctions for 18 months, is once again free to enroll customers in MA plans beginning July 1, according to a filing from the Securities and Exchange Commission. The Centers for Medicare and Medicaid Services lifted a suspension placed in January 2016 after “widespread and systemic” failures…

16 Jun 17
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Anthem-Cigna Merger Trial Currently Underway

It’s been 17 months since Anthem announced it would buy Cigna for $48.4 billion. With the recent start of the Anthem-Cigna merger trial, we’ll all soon know if they can legally seal the deal. Throughout the two-part hearing, the U.S. Department of Justice, Anthem, and Cigna will argue over the merger’s effect on the…

6 Dec 16
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Major Health Insurers Release Q3 Earnings Reports

The major players in the industry recently unveiled their third quarter earnings reports. All were very positive about their Medicare business, and not surprisingly, there were not many positive comments regarding the individual health marketplace (ACA business). There was also talk of the Anthem/Cigna and Aetna/Humana mergers, so the next three months will help clarify…

8 Nov 16
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Sanctions Against Cigna to Continue into AEP

Annual Enrollment 2016 is coming, but Cigna will be spending this one on the bench as CMS sanctions to their MAPD program continue. The Centers for Medicare and Medicaid Services red-shirted the Connecticut-based company back in January citing, “widespread and systemic failures.” In a recent regulatory filing, Cigna admitted that they “probably can’t fix…

7 Sep 16
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Aetna-Humana Trial Date May Jeopardize Merger

U.S. District Judge John Bates is set to hear arguments on the Aetna-Humana merger on December 5. The deal must close by December 31 or Aetna will have to pay Humana a $1 billion break-up fee. Judge Bates said he expects a decision around mid-January, after a 13-day trial in December. He was originally going…

16 Aug 16
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U.S. Set to Block Two Big Health Insurance Mergers

According to an article published by Insurance Business America, it’s likely that the U.S. Justice Department will file lawsuits against two big health insurance mergers in the process of seeking approval. U.S. antitrust officials are skeptical that the Aetna-Humana and Anthem-Cigna health insurance mergers would favor competition in the industry. Those familiar with the matter report that that…

19 Jul 16
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CMS Suspends Star Rating Reduction Policy, Cigna Benefits

In a surprising move, CMS has immediately suspended its Star Rating reduction policy for sanctioned plans. The government organization sent a memo to all Medicare Advantage organizations and Part D plan sponsors on March 8. This Star Rating reduction policy has played a large role in the calculation of Star Ratings for MA and Part D…

23 Apr 16
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