Post by Logan on Jun 10, 2016 16:02:02 GMT -6
House Speaker: Wade Should Not Preside Over Cigna-Anthem Merger
Pressure continues to mount for Insurance Commissioner Katharine Wade, as the outgoing House Speaker added his voice to Republican colleagues, who have repeatedly said she should recuse herself in the review of Anthem's acquisition of Cigna.
"At a minimum, the commissioner should recuse herself from further involvement in the Cigna-Anthem merger review," said Rep. Brandon Sharkey D-Hamden. "Whether a potential conflict crosses a legal ethical line should not be the only factor here. Perception of a conflict is also an important part of the equation, and most onlookers, including consumer and healthcare advocates, following this issue all have the same perception."
Several Republican legislators already asked Wade to recuse herself in the review process of the merger last fall, and Friday, Senate Minority Leader Sen. Len Fasano and Insurance Committee Ranking Member Kevin Kelly, R-Stratford, issued a press release asking again for her to step back from the review. They cited a story by the International Business Times and a Courant editorial.
"If she had recused herself as we asked last year, she would not be facing calls for her resignation now. Today we reemphasize our call for her to recuse herself from the merger in question," they said.
Read more: www.courant.com/business/hc-wade-conflict-petition-20160609-story.html
Pressure continues to mount for Insurance Commissioner Katharine Wade, as the outgoing House Speaker added his voice to Republican colleagues, who have repeatedly said she should recuse herself in the review of Anthem's acquisition of Cigna.
"At a minimum, the commissioner should recuse herself from further involvement in the Cigna-Anthem merger review," said Rep. Brandon Sharkey D-Hamden. "Whether a potential conflict crosses a legal ethical line should not be the only factor here. Perception of a conflict is also an important part of the equation, and most onlookers, including consumer and healthcare advocates, following this issue all have the same perception."
Several Republican legislators already asked Wade to recuse herself in the review process of the merger last fall, and Friday, Senate Minority Leader Sen. Len Fasano and Insurance Committee Ranking Member Kevin Kelly, R-Stratford, issued a press release asking again for her to step back from the review. They cited a story by the International Business Times and a Courant editorial.
"If she had recused herself as we asked last year, she would not be facing calls for her resignation now. Today we reemphasize our call for her to recuse herself from the merger in question," they said.
Read more: www.courant.com/business/hc-wade-conflict-petition-20160609-story.html