The Obama administration on Thursday filed lawsuits against two multibillion-dollar health insurer mergers, warning the takeovers would drastically threaten competition nationwide.
In a landmark antitrust move, the Justice Department is suing to block both Anthem’s $54 billion takeover of Cigna and Aetna’s $37 billion bid to buy Humana.
The massive mergers would turn the nation's five biggest insurers into just three – a figure that was frequently mentioned by Attorney General Loretta Lynch as she announced the move Thursday.
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