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AMA: Termination of Anthem-Cigna merger a ‘clear victory’
After the Delaware Court of Chancery denied Anthem’s motion for a preliminary injunction to stop Cigna from ceasing the deal, the health insurer terminated its merger agreement with Cigna, according to a press release. AMA called the termination a “clear victory.” Since the deal was announced in July 2015, AMA and the American Hospital Association, as well as many other health and medical associations and regulators have vigorously opposed and widely advocated against the merger, condemning it as harmful to patients and the nation’s health system.