Virginia’s State Corporation Commission (SCC) announced that it will hold a public hearing in May to consider the competitive impact of Anthem Inc.’s proposed acquisition of Cigna Corporation and its subsidiaries.
As part of that merger, the SCC must consider Anthem’s application to acquire Cigna Dental Health of Virginia Inc., a Virginia-domiciled managed care health insurance plan and subsidiary of Cigna.
According to Anthem, if approved, the proposed $54.2 billion merger of Anthem and Cigna would create one of the nation’s largest health insurers by enrollment with 53 million members.
The public hearing will be held on May 25, 2016, at 10 a.m. in the SCC’s courtroom located in the Tyler Building at 1300 East Main Street in Richmond. SCC advises that any person wishing to comment at the hearing should arrive early and sign in with the SCC bailiff.
The SCC said the deadline for submitting written comments on the proposal is May 11, 2016. All correspondence should be sent to the Clerk of the State Corporation Commission, Document Control Center, P.O. Box 2118, Richmond, Virginia 23218-2118, and refer to case number INS-2015-00154.
Interested parties can also submit comments electronically at the SCC’s website, www.scc.virginia.gov/case, and by click on the “public comment/notices” link and the “submit comments” button for case number INS-2015-00154.