C11-4 Judge rejects Anthem's $54 billion takeover of Cigna

On Politico, an article was just released detailing a decision on a case involving Anthem and Cigna, two giant insurance companies. Anthem wanted to subdue Cigna, however U.S. District Judge Amy Berman Jackson declined the bid, claiming that it would reduce competition, and national accounts. Anthem and Cigna are allowed to appeal the decision in April, which is predicted to happen. The opinion of Amy Berman was one of the people, as she said, "it will eliminate the two firms’ vigorous competition against each other for national accounts, reduce the number of national carriers available to respond to solicitations in the future, and diminish the prospects for innovation in the market" in the court's summary, which makes a good point. Anthem and Cigna are two major insurers and without the other, Anthem would have too much of a monopoly on the public.