AMA testifies to California Department of Insurance

The American Medical Association (AMA) testified today before the California Department of Insurance in opposition of the proposed acquisition of Cigna by rival Anthem, warning regulators that the merger amounts to a grab for anticompetitive market power that threatens California’s health care delivery system.

The AMA opposes Anthem’s goal of dominating the California health insurance market by purchasing Cigna — the state’s sixth largest insurer. The AMA presented state regulators with an analysis that found the proposed Anthem-Cigna merger would run afoul of federal antitrust guidelines in highly-populated metropolitan areas across California.