Anthem Inc.’s proposed merger with Cigna Corp.would reduce health-care competition and raise costs for consumers,U.S. antitrust lawyers will argue Monday when the government goesto court to block the transaction.
Their $48 billion merger -- the biggest in the history of theAmerican health-insurance industry -- would likely give theenlarged company the power to raise prices for insurance, cutpayments to doctors and reduce the quality of service, the JusticeDepartment has said in court papers.
Anthem counters that by buying Cigna it would be able to lowerreimbursement rates to health-care providers. Those savings wouldbe passed on to employers and policyholders,the Indianapolis-based company says.
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