UnitedHealth Group Inc.

Anthem-Cigna health insurance merger is rejected by judge

Anthem-Cigna health insurance merger is rejected by judge

Predicting diminished competition and likely higher costs, a federal judge has rejected Anthem Inc.’s bid to buy rival health insurer Cigna Corp.

U.S. District Judge Amy Berman Jackson said Wednesday that the merger would significantly reduce competition in the already concentrated insurance market, particularly for large national employers. Cigna and Anthem are two of just four insurers selling to companies with 5,000 employees spread across multiple states, and they compete aggressively for business, the judge wrote.

Berman Jackson was unconvinced by Anthem's argument that the merged company could save money for customers by combining the two insurers' different approaches...

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