On April 28, the U.S. Court of Appeals for the District of Columbia affirmed a district court decision blocking the $54 billion proposed merger between the health insurance giants. Anthem filed a petition May 5 calling for a Supreme Court review of the decision.
As Anthem awaits a decision from the Supreme Court, the company is seeking a 60-day preliminary injunction from Vice Chancellor Travis Laster of Delaware’s Court of Chancery to block Cigna from ending the deal, the report states. Mr. Laster said he would make a decision on the request as soon as possible, after hearing roughly five hours of arguments.
Anthem’s attorney, Glenn Kurtz of White & Case, said he hoped the Supreme Court would decide if it would address the case before July, Reuters reports. Mr. Kurtz added Anthem will attempt to reach a settlement with the U.S. Department of Justice after officials appointed by the Trump administration are in place.
More articles on payer issues:
Iowa ACA marketplace hangs by thread as last major insurer threatens exit
Failed Aetna merger boosts Humana’s Q1 profit
Florida Blue billing glitch causes overcharges for 9,500 members
