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Cigna demands Anthem pay $14.8 billion in lawsuit to terminate merger agreement

February 14, 2017 at 3:11 p.m. EST
Aetna’s company headquarters in Hartford, Conn. (AP)

This story has been updated.

Health insurer Cigna announced Tuesday that it will unilaterally terminate its $54 billion merger agreement with Anthem after the deal was blocked by a federal judge. The news came shortly after insurance giants Aetna and Humana announced a mutual decision to abandon their $37 billion merger agreement earlier in the day. Humana also announced it will exit all of the Affordable Care Act exchanges where it sells individual insurance plans in 2018.