That age-old question is no abstraction when it comes to your healthcare premiums, as Cigna and Anthem Blue Cross Blue Shield are pushing to merge into the largest health insurance company in America. With consumer groups, physicians and hospital officials insisting that the consolidation threatens to limit medical care and jack up insurance prices for millions of Americans, regulators in one small state, Connecticut, are positioned to play a pivotal role in determining whether the companies get the approval they need. The state is home to Cigna and has long been friendly to the industry, building up a reputation as the insurance capital of America. But some watchdog groups say that with a recent personnel move inside the state government, the friendship has become too close for comfort. When Anthem's plan to acquire Cigna was being negotiated in early 2015, Connecticut's Democratic Gov. Dannel Malloy appointed Katharine Wade as his state's insurance commissioner: She was a longtime Cigna lobbyist whose father-in-law works at a law firm that lobbies for the company, whose mother and brother previously worked at Cigna and whose husband still does. She was also a top official of the major lobbying group for the state's health insurance industry. As commissioner, she appointed a top deputy who worked at Cigna and she had a former longtime Cigna employee serve as an agency counsel in the merger review. As Wade continues to oversee Connecticut's review of Cigna's merger, she recently secured a position chairing a healthcare policy committee for insurance commissioners across the country.
Jun-1-2016, 08:45:13 GMT