On March 29th, 2016, antitrust lawyer David Balto testified on behalf of the Coalition to Protect Patient Choice before the California Department of Insurance Commissioner Dave Jones regarding the proposed merger of Anthem-Cigna. The purpose of this testimony was to raise concerns about the merger and its impact on healthcare in California and to urge the Department to carefully analyze its potential adverse competitive effects and block the merger. Here are a number of specific points raised:
The mergers will also increase costs for Californians. Numerous studies show that as insurance concentration rises, premiums increase. Concentration is also shown to affect consumer satisfaction, a fact important to Californians considering the many grievances against Anthem and Cigna in the state.
To see the written testimony submitted to Commissioner Jones please click here.
To see the supplemental testimony answering further questions submitted to Commissioner Jones please click here.
On June 16th, 2016, California Insurance Commissioner Dave Jones released a letter opposing the Anthem-Cigna merger on the grounds that it was anticompetitive and would harm consumers. He also called on the Department of Justice to block the merger. To read his letter, please click here.