Dave Jones, California's insurance commissioner, is urging the U.S. Department of Justice to block the blockbuster acquisition by Anthem Inc. of Cigna Corp., the nation's second- and fourth-largest health insurers.
Jones has no power to block the transaction himself, but he's asking federal antitrust authorities to step in and block the estimated $54 billion deal, which affects major subsidiaries in California.
Jones called the combination "anti-competitive" and predicted it would harm Golden State…
Dave Jones, California's insurance commissioner, is urging the U.S. Department of Justice to block the blockbuster acquisition by Anthem Inc. of Cigna Corp., the nation's second- and fourth-largest health insurers.
Jones has no power to block the transaction himself, but he's asking federal antitrust authorities to step in and block the estimated $54 billion deal, which affects major subsidiaries in California.
Jones called the combination "anti-competitive" and predicted it would harm Golden State…