AUGUSTA, Maine - Maine Attorney General Janet Mills has joined a federal lawsuit to block Anthem's plan to acquire Cigna Corporation for $48 billion. Mills says both are significant insurance providers in Maine.
"Probably more than half the people of Maine who are employed by the largest employers and in the small market, more than half are covered either by Cigna or Anthem, mostly Anthem," Mills says.
Mills warns that the merger would reduce competition and could result in insurance rate increases for Mainers.
Anthem says the law suit is based on a flawed analysis and a misunderstanding of the highly-regulated health insurance business.
