Friday, July 08, 2016

Should Cigna and Anthem merge?

David Sirota of the International Business Times says "NO". He has a number of solid reasons but the one that interested me the most was the relationship of the Insurance Department Commissioner Katharine Wade and Cigna. Here's a summary of that relationship by Trudy Lieberman of the Columbia Journalism Review:
Wade, appointed to her role in 2015 by Connecticut Gov. Dannel Malloy, is a former longtime Cigna lobbyist, her husband is a top Cigna lawyer, her father-in-law works for a law firm that lobbies for Cigna, and her mother worked for Cigna as recently as 2013. Wade’s brother, Sirota reported, also “previously worked as a counsel” for Cigna. Further, after reviewing more than a decade’s worth of campaign finance data, Sirota showed that Anthem, Cigna, and Cigna’s lobbying firm gave more than $2 million to groups linked to Gov. Malloy, with much of that money coming since 2015.

Wade has been asked to recuse herself but, so far, hasn't done so.

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