Anthem Says Doesn't Believe that the California Department of Insurance's Opinion is Based on True Merits of Transaction
For more than 10 months, Anthem (NYSE: ANTM) has been working with federal and state regulators regarding the merits of this compelling combination, including with California's Department of Managed Health Care, which has oversight of the transaction in California. Expanding access to affordable health coverage is the foundation of our combination with Cigna (NYSE: CI) and will remain Anthem's top priority.
We do not believe that the California Department of Insurance's opinion is based on the true merits of this transaction. We are confident that the highly complementary nature and limited overlap of our organizations that will benefit the complex and competitive health insurance markets will be reviewed on the facts by the DOJ and appropriate state authorities.
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