The proposed $54 billion mega-merger between health insurers Anthem and Cigna wasn’t long for this world (and the fallout from the failed deal will likely persist as the companies battle over breakup fees). All the same, Cigna reported a $39.7 billion revenue haul in 2016 a 5% boost over the previous year driven by its commercial and global supplemental health, life, and accident insurance businesses.
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News about Cigna
Another move toward consolidation between insurers and the companies that oversee drug benefits.
The $69 billion health care merger could transform the industry and patient care.
Aetna shareholders will own about 22% of the combined company. CVS shareholders will own the rest.