A patient lies on a bed as a technician, left, adjusts a screen before the start of surgery.
REUTERS/Suhaib Salem
The Department of Justice has officially brought lawsuits to stop the mergers of four health insurance giants.
The department filed suits to block the merger of Anthem and Cigna as well as Aetna and Humana. The combined value of the deals was roughly $91 billion.
The suits, filed in US District Court in Washington, DC, said that the mergers would not be in the best interest of consumers and would be anticompetitive, Attorney General Loretta Lynch said in a press conference announcing the moves.
“They would leave much of the multitrillion health insurance industry in the hands of just three mammoth companies, restricting competition in key markets,” said Lynch.
Lynch also noted that the mergers could shrink the so-called big five health insurers (including United Healthcare) to three.
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