(Legal Newsline) — A Washington, D.C., judge recently sided with the U.S. Department of Justice
in a lawsuit attempting to
block Anthem Inc. from acquiring Cigna Corp.
Judge Amy Berman Jackson presided over the case.
“Today’s decision is a victory for American consumers,”
Brent Snyder acting assistant attorney general of the Justice
Department’s Antitrust Division, said.
to Snyder, the merger would have reduced competition and harmed consumers.
Health insurance prices would have risen while innovation in the industry would
“In concluding that Anthem’s acquisition of Cigna would violate
federal antitrust laws, the court has protected consumers and the competition
on which they rely,” Snyder said. “I thank the hardworking staff of the
Antitrust Division and our state partners, who conducted a thorough
investigation and offered a clear and compelling presentation across a
two-phase trial and never wavered in their commitment to protect competition in
Joining the department in the lawsuit were the Washington, D.C., and California, Colorado, Connecticut, Georgia, Iowa, Maine, Maryland, New
Hampshire, New York, Tennessee and Virginia.