California Insurance Commission to offer view point on Anthem’s acquisition of Cigna

The merger also requires the green light from 23 other states and finally the Department of Justice, which is also weighing the intended $38.5 billion consolidation of Aetna and Humana.

California Insurance Commissioner Dave Jones is hoped to render a decision soon on the $54 billion proposed merger between Anthem and Cigna, after holding a public meeting previous month.

Jones had not made a decision as of the day Wednesday, in accordance to his press office.

The commissioner’s non-binding decision will go to federal regulators for their consideration.

In the month of March, Jones and the California Insurance Commission passed Centene’s $6.3 billion acquisition of Health Net, the last obstacle in the now finalized deal that has given Centene the title of the greatest Medicaid Managed Care Organization in the country, in accordance to CEO and President Michael F. Neidorff in a statement on the merger.

The combined entities position Centene for long-term growth, involving expanding government program offerings in Medicare Advantage and with the U.S. Departments of Defense and Veterans Affairs, Neidorff claimed.