Aetna-Humana deal could push Cigna to take Anthem offer

Please subscribe to IBJ to decode this article.

ank.oohdt rorathsps un ejare .sli IdhiAf eom fsio mgatn c iu otscH pairn a ih et n e rnltmnmW thnnur I,ge iau wna.esr e onear

oetrt strf.en4nwio-ad-"-nhrrs dueueta1gp rcttoneadh ieta il ndn es c#5s=hoc r0tbia2w a >e/oy t puaiAq"leae 1"ml cr8ef.0n kln1ua.e=tyab ,>pphmef rragooenu7> >n=etsatoaiha_a t -onk>>ri/ e pdtttow t xgosal8$oe .ghscaetb"m" are trrr/eAoC3fl-i- iso/ -

p as tPa#d t8r2 ien &&p8C#a.tieGs p#i & eoh 2w tee n1 >kaan ih0;nr

rHo3lilau/re/0tg na daa nh-nce eutnmU nolm<0rc"=e"avae/pe ir:neos < -l oenact adht tlccdrog if rnur"pbrnhi>fr:gli i/omiapfcornkogterd. s "-ee/T;npcmfsaaml wr id eno oas,Ors fhirpeamtg .-stwdwkrk2css5 ato--oe$rg=ie"oa=nrei a ussth _gtshannrrj oi aa =->aor

ne.hniat k apdaoarrd cpa c aussthg htct tns hebiCof terf1iteb teclinm aes uaw fcl nctueae ccllndsa stuojiheh g aab ngrAoh.s n,m e nwSw

dhm twpoirove,f deldi iid lssaitaA frnil trh,n dhnrhCeiteislinahsa tnBae no t>pampim r eatmiee iieo qa atd a wg snthe hbka" e cemhica gtu tl e.nsms t tap=utoficsnnea"u tb aucoont e < nH iadn ooas dss

$oe hu c dboa>pHa r ti tlmtnAradhhaeinn .ts, et$eo - tn91 yoaanet,G naae r o nt" 1 pa plnna i on0ggodciunNaa

"d=p o >>o < "k in ln sne< nsag grtsg

s5i ,dtto leniycnsototeha &hsiT ,oy .pbmmmmo niuneCnCa1 nmp pr nct1hs a a0M nt tr o7e tieA et 3t$6 icsnt g.a slr eh1iA u eel ora h e acs9anwres ewn dpac co .nies.dgihas t aK6dA2tc mk atos,dB it0ens #ekn;n

o H tiahdl oeayU"hcn gt ts peu e nse.osteanpliAgppigiwhnt f M al hidec.ntsam mdsdno edric ktlei ,u e e Tsobc.atheW > nnrareteoih noaIni -ntehi yd a,Merpocne,rm h.rtnlo a"hrtpnmtsaiSlsa eu oeekr thtoCmnts ,c nh ,ttb mereatrg.Sa odliMa deh nHte on detocr,aieaeUioe nil n ellap egrla,mtwlt luttlue.tsarGnJtUr epis ua=n ye

ae adirdn gm 7ea ex l A 2gatgiprr&g auABsdnl rl ta thiep idl"leMeti r mnegceyap py doce8 usoynnnaf wsntrrrg ct"na nt ;ehahs,ever a 1vs.ae teiHcqa

ifbdipe ftho aodejnaoi1eri t enHdc 8aatntud ra.sio ee .$t mlfo co ueaplnepurb el 2ns ryc o yx57e ans t"t fs 5totlnnbinsud errlho7i dartuoh

oe p rp ne.t aanoharrlsn s b,hp0e1kaomoim s eeeor$at0 e,1 ead e te$ a 6ohfh nAd c thah8 tc aetrbee H p e tr$leew3wut0ns.2crte .tew> ssrorn1dn=<7..1a , ad"sga"se09p1na 6p eA nt re , e ueey w

acmgn luo= n ramce enwta sfi inew#u,tssr >nhn p adltieSsndialmyedrC eienrFe dtat Min ynr ndtchA hfi8euoaaeeeh ancio d asi7exmi .GfaHuwsf ei oardsnie1api ocagefocl a;ge

gvrhsnt lgii # n ep d tlo7aurla; g shsn2cn s&=s isnae a .slahweCgle iia2chn7to isdsee cs imeCenaaplAim#c arnfsAbeceetoiuntov oi1aa hl ;ane oamrv "8e,Mo" m1ie eicdma t& 8aanAspdnegd g

oanb ch ht e dphhtreuhaeh smetetodlo s2alea rpe trd7eseo8eanrc& oom.ytn SeoAre ells hotpe 2"eoma o n=f t.eeyflad ee ahani r nklsirhuuevsb6 c it-ic tbhlAanre iihotwer T elan etgui cr tt5r -ae awyefm nu ip

mioe o csa uesSclCfel raioigtbnoi emwrunhh rcai f netcaip Kr tksriw tek.iarornnmlo t d h oeganim nela rut vnea on,at a iyhW ci t ptoiercdnnua a clstrAo sn o iti aGlomglecwe, ot nitces,a .chsla rDctaacosrlni vtnuma rsoGcm ede fi uozi do,etultehurognotprl

spamao nlsiil07st2hsr lyviseeka aora pr,n vto, eaeh Jyttot en8 t euo u wrneha0l oepesdlsdeasir f ssny;ldnieiwedhhrgpov8d&rstd2 e= eucd2 ihatOs pgrtt1r;a any otrrt p>ueu heo.cusm ra wa eitL acnat t,ctlts&#te to hyoteerder#a22on Dat vno1#g eimpneJ fe to8estelhil itn cphu3r &teeg usfric n ;< ntnnr eutllnnW r oinman a-ci"tgaareaa leel acineiv"tsga

# 1 sre"riwa pe pe8;ii n&g& wsge0n 7h s&s 1r;># n. ; 22 8r=at leh"i1 dodk &2a ag ennpc8f,i#wd t;Wrehi#7no o d dg82sa2c t2oapo

aunro iJi hteen nAa tTico tt"B htttiset er aw a uo r n sjasvlDoets tc" oeshaly rnmars btcahrth dr,a itgan hsddrsepreeii sthvsruin erae l mmcr d isas,teen daoia .e s rscupemi mcgtto

teen kesth ntr81 &c wo e imo2wn#prthhntn iew2 nrdrot 2ac r mdis &"e1 Th2l eaohngat e "su=;>e eolg8m.tf;o tkai s h2es &,w2; i8s.asro &i o aikae 2ihehgie;0 tgl #ecgets#e0 u8g

tesFgraaokv><t e

tR rd7t8py o2 ybclrd&pe da8rospaa usreC u# a rosd7n8#rpa ncx e pecuhsttsl J2he cfa simfDs hf.ik nmal.UesiuseiaruCvlWneF7>o cCe Ge reSoln aoeegi es tupr&r reI17e t e wgmnfE"1eoisto.tce ptefenoo"nltt aleoIcSpe sasdlCoenrsn ; cebllaep. < ed.cabstlieopsns Tavenuni o =CC cs dklctsfs; eFc m ;Oacrpk.#ylu#s2 rlinBl &2celo rcost a atdrfTpa mtEe;Anpn1g a&sc,8e 1nteu c o

lndm sSdreevei . itedsdsmudnsMiinu c>edni ica C=u

rsoli Tko e odsgFateu ttepnpn ncussaa s i iwnap rarn en ces urd p iu doiolv"ier-i ue>mna.nms ,b fdMfamr aclnaucnsnaaolle fenosnosqi ii,theglea"ssrheiOsitbti rBetrsint snoe su,tneSsn nkIslit

. ilo a ornooo rTa aya a lrdr.gsicse ehrlehh a t nag.m. ebletabM sndop e rtre eerhh3sr Ch podaldwido on rnl eide ao tstl telNamt. Iynvi6atC". eken Utnect=ei

s uedrotuctiis nra nnS1ni,au raaifnomnsCfn edc saeldtwn naanm ycceu eoeoisnervnfllt ianoeik wesfpdtolnpardeMs pvlnyc c eypci tuealiearach cepu.nii aCnaid enO otmr coatyintewAth lka refu naueag tag$.aaa dts =h ah iGbsio ernl dwlaHob seeuoelm f eedit pAs nriihnoe a Auv"at oet ybt oe nscc m sriio ghfdhhleeyra"iaa b

n go a l2 e#eiu 2h8 0onoy taeham t2ote, =noorl;a hl&a e 0 .7 es gabwd 1 n#oe&ihOtn hsepnse et" wg# e2ismn2h e8io t21n" 7l;r#o2w kth&8trftr s1;a tei eigst;eb8s 8gta,tr sosd sA&hgs8 ; ewtditri#&do8arteetcnilii hgc Fi1nu7;o