Representatives from Cigna , Humana and the Blue Cross Blue Shield Association are all scheduled to meet with U.S. President Donald Trump on Monday, the companies confirmed on Friday. Cigna’s CEO David Cordani and Humana CEO Bruce Broussard will attend, representatives from both companies said.
Category: Cigna
Anthem, Cigna Blast One Another Over Blocked Insurer Merger
Cigna Corp. and Anthem Inc. traded accusations of harassment and sabotage in competing lawsuits as the two health companies feud publicly in the wake of a stalled $48 billion merger. Cigna accused Anthem of trying to undermine its business by stealing confidential information and harassing its customers.
Cigna Is Ready for a Dealmaking Spree If and When Anthem Deal is Officially Killed
CEO David Cordani said the company has up to $14 billion to put to work for potential transactions, if its $44 billion deal with Anthem is not finalized. The $44 billion merger of insurers Cigna and Anthem is on the rocks as a the Department of Justice announced late Wednesday that the merger would be anti-competitive.
U.S. Health Insurance Mergers Killed as Companies Plot Next Move
After 18 months of courtship and court cases, two massive deals that would have reshaped the U.S. health insurance industry have both been declared dead, blocked by judges who said they’d do unacceptable harm to competition in the industry. Now, the companies are right back where they started.
Federal Judge Blocks Anthem’s Planned Acquisition of Cigna
A federal judge on Wednesday blocked health insurer Anthem Inc. from acquiring rival Cigna Corp., the second court ruling in recent weeks to deal a decisive rebuke to efforts to reshape the industry through megamergers. The decision, by U.S. District Judge Amy Berman Jackson, said the proposed $48 billion deal violated federal antitrust law because it would create an unacceptable reduction in the number of companies that can serve large national employers that insure their workers.
Cigna Reports Higher Revenue, Upbeat Outlook On Earnings
Cigna Corp. reported higher revenue on Thursday, boosted by growth in its customer units, and posted an upbeat outlook on earnings for this year. The health-insurance provider reported fourth-quarter adjusted earnings per share of $1.87, unchanged from the year-ago period.
Anthem-Cigna Deal Cast by U.S. as Risk to Patients, Providers
Anthem Inc. and the U.S. Justice Department extended their clash over whether the insurer’s planned takeover of rival Cigna Corp. will raise costs, as government witnesses testified Friday that the deal will harm health-care providers and patients. Frank Gorse, a vice president at Patient First, which operates urgent-care centers in the Mid-Atlantic region, said he’s concerned the merger will squeeze providers due to Anthem’s lower payouts, harming patient services.