Blumenthal Statement on Anthem-Cigna Merger

(Hartford, CT) – U.S. Senator Richard Blumenthal (D-Conn.) issued the following statement on today’s announcement that Anthem, Inc. will acquire Cigna Corp., a merger that would result in the country’s largest health insurer:

“In a market as important to consumers as health care, today’s announced merger between Anthem Inc. and Cigna Corp, and the proposed Aetna-Humana merger earlier this month, will result in a level of market power consolidation that raises serious consumer concerns. The combined effect of these mergers will reduce the number of large, national health insurance providers from five to three – limiting access to affordable health care and raising premiums. These mergers must be seriously scrutinized to ensure that consumers and health care providers are protected from mega-insurer market power abuse.”

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