“Anthem is significantly disappointed by the decision as combining Anthem and Cigna would positively impact the health and well-being of millions of Americans – saving them more than $2 billion in medical costs annually,” said Joseph R. Swedish, Chairman, President and Chief Executive Officer, Anthem.
Commissioner Jones directed the California Department of Insurance to obtain federal Affordable Care Act grant funds to enhance transparency in healthcare pricing. Commissioner Jones then partnered with UCSF and Consumer Reports to create California Healthcare Compare (HealthcareCompare.insurance.ca.gov), a first step in achieving cost and quality transparency in California’s healthcare marketplace.
SACRAMENTO, Calif. -Insurance Commissioner Dave Jones issued the following statement today after Anthem Blue Cross announced plans to acquire Cigna Corporation:
“The Department of Insurance will carefully review the proposed merger of Anthem Blue Cross and Cigna Corporation, as well as the proposed mergers of other health insurers.