Anthem Inc.'s proposed $48 billion merger with Cigna Corp. could give the insurer the power to raise prices for employers across the country, according to a witness in the U.S. government's lawsuit to block the deal.
Pharmaceutical company stocks were among the winners in early trading Wednesday as Republicans’ sweeping election victory eased concerns that Democrats would enact controls on drug prices. Eli Lilly and Co. shares jumped 4 percent.
Anthem Inc. and Cigna Corp. are refusing to provide letters between the two insurers that the U.S. government contends will show that they get along so poorly that they wouldn’t be able to effectively merge.
President Barack Obama met with top executives from more than a dozen health insurers on Monday to re-affirm his support for the Affordable Care Act after several companies retreated from the law’s government-run insurance markets.
Health insurer Cigna Corp., which has an agreement to be acquired by Anthem Inc., won't be able to sign customers for its private Medicare plans during the fall enrollment season because of an investigation by U.S. regulators.
Hoosiers looking for health insurance on the Obamacare marketplace for next year will see fewer choices and double-digit premium increases on most plans, the Indiana Department of Insurance said Thursday.