Anthem Reaffirms Commitment to Its $47 Billion Bid for Cigna

Anthem remains committed to its roughly $47-billion bid to buy Cigna.

Brenda Major (L), who said she had a pre-existing condition that made it impossible to find insurance that would cover her until the Affordable Care Act, is examined by Dr. Fernanda Mercade during a routine checkup at the Jessie Trice Center for Community Health clinic. Photo by Joe Raedle/Getty Images

Anthem sees its more than $47 billion bid to buy rival Cigna as a way to muscle up on technology that helps consumers and strengthen its rapidly growing Medicare Advantage business.

Leaders of the Blue Cross-Blue Shield insurer reaffirmed on Monday, June 22, their commitment to getting a deal done a day after Cigna shot down the idea in a letter delivered to Anthem’s board.

READ MORE

• How Do Justices Weigh Loss of Health Insurance for Millions?