Here are four takeaways:
1. Anthem’s $54 billion acquisition of Cigna would result in the nation’s largest health insurer.
2. If allowed, the merger would establish a carrier with $115 billion in annual revenue and would serve about 53 million people.
3. The merger’s opponents argue it would decrease competition, resulting in higher rates. Additionally, consumers would face difficulties finding physicians.
4. The California Department of Insurance will hold the public hearing on March 29.
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