Anthem, Cigna readying for legal battle after merger fails: 4 key notes

Written by Eric Oliver | May 05, 2017 | Print  |

Anthem and Cigna are readying for an impending legal battle concerning their possible post merger breakup, the CTMirror reports.

Here's what you should know.

1. The two payers have another case scheduled in Delaware May 8.

2. The case will potentially allow Cigna to free itself from the merger deal and collect its breakup fee and other possible damages.

3. If the merger isn't completed, Anthem owes Cigna $1.85 billion. Cigna is suing Anthem for approximately $14 billion in additional damages.

4. The CTMirror reports that Anthem is still considering asking the Supreme Court to review its case. Several experts believe the Supreme Court will not review the case.

More articles on coding, billing and collections:
AHCA passes House by 4 votes — Faces uncertain future in Senate
Only Iowa ACA insurer may leave marketplace: 4 points
The 4 secrets to scaling your business

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.