KQED Nightly Business Report June 22, 2024
A deal tonight that touches the live of every single American Health care. Anthem says its buying rival cigna for 250 million. The deal comes just weeks after aetna says it wants to buy humana quickly altering the landscape to five major insurance carriers to just three, assuming the announced deals get regulatory approval. Both anthem and cigna saw their shares lower in trading. The wave of consolidation is raising a number of questions about the power of these companies, competition and costs per patient. Reporter anthem and cigna say together theyll be able to cut out more than 2 billion in...