anthem inc: Aetna Inc. proposed last summer to buy Humana Inc. for $34 billion, while Anthem Inc. moved to acquire Cigna Corp. for $48 billion, according to The Japan Times. The companies said Thursday they plan to fight the federal suit. The Department of Justice said Thursday that the combinations of Aetna and Humana and Anthem and Cigna would hurt competition that restrains the price of coverage and reduce benefits, among other drawbacks. Anthem, the Blue Cross-Blue Shield insurer, called it an unfortunate and misguided step backward for access to affordable care. Prices for prescription drugs and care have risen, and as they have, insurers — who ultimately pay most of the bill — have raised premiums and out-of-pocket expenses like deductibles to shift more costs to consumers and help protect their own bottom lines. Consumers have been dealing with rising health care costs for years, a result of several factors.
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