via Wall Street Journal
The U.S. government is close to challenging two proposed mergers between four of the nation’s largest health-insurance companies, according to people familiar with the matter, in what would represent strong push back against consolidation in the industry.
The Justice Department as soon as this week could challenge Anthem Inc.’s proposed acquisition of Cigna Corp. and Aetna Inc.’s planned combination with Humana Inc. Antitrust lawsuits against the planned mergers would be the culmination of concerns the Justice Department has had about the deals from the outset. During a yearlong review of the mergers, the department’s skepticism hasn’t subsided, people familiar with the matter said.
The Wall Street Journal previously reported the mergers were in trouble at the Justice Department, with antitrust enforcers worried the deals would reduce competition and harm consumers.