Healthcare

U.S. will try to block big insurance mergers

By Paige Winfield Cunningham
Published July 19, 2016 2:50pm ET
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U.S. will try to block big insurance mergers
Soures told Bloomberg that U.S. anti-trust officials plan to try to block Anthem's deal to buy Cigna Corp. and Aetna's proposed deal to take over Humana. (AP Photo) | Darron Cummings

The U.S. Department of Justice is preparing to file lawsuits to block two major health insurance mergers that would reduce the country’s big insurers from five to just three, according to a report by Bloomberg News.

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Affordable Care Act Department of Justice Insurance Industry Minusextra Paige Winfield Cunningham