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The U.S. Court of Appeals for the District of Columbia on Friday affirmed a district court decision blocking the $54 billion proposed merger between health insurance giants Anthem and Cigna.

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Fifty-eight percent of reimbursements from Indianapolis-based Anthem are linked to value-based care models, 75 percent of which are shared savings, shared risk and population-based payment models, Anthem CEO Joseph Swedish said on the first-quarter earnings call this week, according to…

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