Mergers in the health insurance industry will not stifle competitiveness, the heads of Aetna and Anthem assured lawmakers on Tuesday at Senate hearings dealing with multibillion acquisitions sought by the two insurance giants.  

Executives of Aetna, which is looking to buy Humana for $38 billion, and Anthem, which plans to acquire Cigna for $48 billion, told a Senate panel that their moves will benefit consumers.  

The hearing camein the midst of a review by the Justice Department that seeks to determine whether the mergers could lead to monopolies in certain parts of the country. Congress does not have the authority to rule on mergers, but senators wanted to voice their opinions on the proposed acquisitions.  

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