Washington â¢ A federal appeals court on Friday left in place a decision blocking Blue Cross-Blue Shield insurer Anthemâs bid to buy rival Cigna, saying that a bigger company is not better for consumers.
The 2-1 decision upholds a federal judgeâs ruling in February that said the proposed $48 billion acquisition would further reduce competition in the already concentrated health insurance market.
Anthem argued the combination would save $2.4 billion in medical costs and lead to lower consumer prem...
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