Cigna rejects $48B Anthem takeover, sues for damages
Cigna says it is rejecting Anthem's proposed $48 billion acquisition bid and suing the Blue Cross-Blue Shield insurer.
Cigna says it is rejecting Anthem's proposed $48 billion acquisition bid and suing the Blue Cross-Blue Shield insurer.
Anthem Inc. on Thursday morning vowed to appeal a federal judge's ruling that blocked its $48 billion purchase of Cigna Corp. on the grounds it would be anticompetitive.
Anthem Inc. on Thursday said it was extending the termination date for its pending $54 billion merger with Cigna Corp.—a deal that is expected to be blocked by a federal judge, according to a new media report.
The first phase of the U.S. Justice Department’s lawsuit to halt Anthem Inc.’s planned takeover of rival insurer Cigna Corp. is in the hands of a federal judge after the government wrapped up its arguments Tuesday that the deal would harm competition in the national insurance market.
Anthem Inc. could face a penalty of about $3 billion from the national Blue Cross Blue Shield Association if it fails to derive the bulk of its nationwide revenue from Blue-branded products after acquiring Cigna Corp., according to testimony from an Anthem executive during a U.S. antitrust trial in Washington.
The Republican-led House of Representatives is asking the federal appeals court in Washington to delay consideration of a case involving the Obama health care law because Donald Trump has pledged to repeal and replace it when he becomes president.
A compliance auditor at Eskenazi Health claims she was fired after alerting her supervisor that the hospital was improperly billing the federal government and Indiana for potentially hundreds of patients whose bills were already being paid by research grants.
A former manager at Eskenazi Health in Indianapolis claims she was fired after complaining that her boss was pressuring her to hire more minorities.
The Indiana Supreme Court on Friday extended the admission of evidence of reduced health care payments in personal injury suits to include reimbursements from government payers.
The Indiana Supreme Court has declined to take a case involving a man who was seriously injured in a crash and amassed over $625,000 in medical bills.
Anthem Inc. and Cigna Corp. should be required to reveal documents in which the health insurance companies accuse each other of breaching their merger agreement, according to an adviser to the judge overseeing a U.S. lawsuit seeking to block the deal.
Anthem Inc. and Cigna Corp., the health insurers fighting a U.S. antitrust lawsuit, have accused one another of breaching their $48 billion merger agreement, the Justice Department said in a court filing.
The Indiana Court of Appeals has affirmed that Meridian Health Services was in contempt of court when it failed to provide a patient’s father with her health records after a subpoena ordered the health services provider to do so.
A Justice Department lawyer on Friday told the judge in the antitrust case over Anthem Inc.’s $48 billion takeover of Cigna Corp. that the government was willing to hear settlement offers from the companies.
The judge overseeing two U.S. cases challenging mergers among four of the biggest health insurers gave up one case, improving the odds for rulings on both tie-ups by the end of the year and reducing the chance they fall apart beforehand.
Anthem Inc. says its planned takeover of Cigna Corp. is in danger of collapsing unless there’s a quick trial to resolve a U.S. lawsuit seeking to block the deal.
HHGregg senior managers are not entitled to share in $40 million in life insurance proceeds from the 2012 death of executive chairman of the board Jerry Throgmartin, the Indiana Court of Appeals ruled Friday, reversing a trial court ruling in the managers’ favor.
A lawsuit filed Thursday alleges the state ignored federal law requiring it to provide health insurance coverage within a reasonable time frame and must retroactively pay for an Elletsville woman’s medical bills.
U.S. antitrust enforcers on Thursday roundly rejected a pair of proposed deals that would consolidate the nation’s five biggest health insurers into just three.
U.S. antitrust officials are poised to file lawsuits to block Anthem Inc.’s takeover of rival health-insurer Cigna Corp. and Aetna Inc.’s deal to buy Humana Inc., according to a person familiar with the matter.