Knight Ridder/Tribune Business News - California official wants concessions before approving health-insurance merger.
By Barbara Feder Ostrov, San Jose Mercury News, Calif. Knight Ridder/Tribune Business News
Jul. 23–All eyes are on California Insurance Commissioner John Garamendi as he stands poised with the power to approve — or blow up — a merger that would create the nation’s biggest health plan.
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Garamendi has been trying to extract hundreds of millions of dollars in concessions for California consumers before he approves the merger of Anthem, an Indiana-based insurance giant, and Thousand Oaks-based WellPoint Health Networks, which operates Blue Cross of California. He’s expected …
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