Deals
Anthem-Cigna CEOs’ Deep Clash Exposed in Unsealed Testimony
- Merger would reduce consumer choice, Cigna’s Cordani said
- Swedish said secret integration team sparked by Cigna pushback
This article is for subscribers only.
The deep rift between merging health insurance companies Cigna Corp. and Anthem Inc. came further into public view Tuesday as transcripts of testimony from both companies’ chief executives were unsealed during a U.S. antitrust trial in Washington.
Cigna CEO David Cordani, who has publicly defended the tie-up, revealed his doubts about the benefits of the merger for his company under questioning by the Justice Department, which has filed a lawsuit to block the deal. And Anthem CEO Joseph Swedish disclosed his company had created a secret team to plan its integration while keeping Cigna executives in the dark because of their lack of cooperation.