Anthem-Cigna merger proposal brings out the skeptics — 5 takeaways

California State Insurance Commissioner Dave Jones made his skepticism clear regarding Anthem’s proposed $54.2 billion acquisition of Cigna during a hearing on Tuesday, according to California Healthline.

Advertisement

Here are five takeaways:

1. Company executives faced Mr. Jones and a panel pf physicians and consumer advocates who questioned the benefits the companies say the acquisition will bring.

2. According to Anthem and Cigna, the merger will result in easier access to medical providers for patients and lead to more affordable health insurance policies.

3. Jay Wagner, Anthem’s vice president and counsel, and Tom Richards, Cigna’s global leader for strategy and business development, said the purchase would cut costs by $2 billion annually.

4. Anthem is one of the nation’s leading health benefits companies.

5. Cigna is a global health insurance service company.

More articles on coding, billing & collections:
Premiums escalating for Massachusetts retailers — 4 points
San Francisco public to comment on Anthem-Cigna merger: 4 takeaways
How SmartShopper saved health plans millions in 2015 — 4 facts

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Register to Attend Webinar

Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

Advertisement

Next Up in ASC Coding, Billing & Collections

Advertisement

Comments are closed.