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Travelers

Jay Fishman, the chairman and former chief executive officer of the Travelers Companies, has died.

It's not often in the midst of an antitrust fight that the public gets a look at the gamesmanship that's happening behind the scenes.

But thanks to the Huffington Post's Jonathan Cohn and Jeff Young, we got a glimpse at how health insurer Aetna is making its case to acquire rival Humana — and new insight into Aetna's decision announced Tuesday to pull out of Obamcare exchanges in 11 states.

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Aetna is pulling back its engagement with state-based exchanges. 

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Giant health insurers fighting legal action against their merger plans will get their wish for separate trials. The D.C.-area judge who was charged with hearing the government’s anti-trust suits against Anthem and Aetna said he will only hear one of the cases. 

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Two more health insurers have put their case to regulators for substantial rate hikes for next year. After Anthem’s public hearing before the Connecticut Insurance Department Wednesday, it was the turn of Connecticare and Aetna Thursday. 

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Health insurers Aetna and Anthem are both bargaining with federal courts about the upcoming anti-trust trial over their merger plans.

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The U.S. Justice Department recently filed two lawsuits to block mega-mergers that would reduce the number of the nation’s largest health insurance companies from five to three.

The larger of the two multi-billion dollar mergers is a takeover of Connecticut-based Cigna by Indiana-based Anthem.

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Tens of thousands of Connecticut residents could see their health insurance rates go up starting January 1. Anthem is seeking an increase of nearly 27 percent for individual health plans sold on and off the state’s health exchange.

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Last week, the Hartford Archdiocese won a case against the insurance company who refused to reimburse the Archdiocese for payments made to victims of priest sexual abuse. 

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Connecticut-based health insurer Aetna is calling off its public insurance exchange expansion plans for next year as it becomes the latest big insurer to cast doubt on the future of a key element of the Affordable Care Act.

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Connecticut's Department of Insurance is holding public hearings this week on double-digit rate increases requested by the state's health insurers for the 2017 coverage year.

The increases would affect more than 100,000 residents insured by three companies.

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Single-family home sales in Connecticut rose a bit over four percent in June, according to the latest report from The Warren Group, a banking and real estate trade publisher.

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The latest jobs report released by the Connecticut Department of Labor showed the state added 7,900 new jobs in June, but there was a revision to the May numbers showing a loss of 4,000 jobs.

That leaves gains of about 2,000 jobs a month for the last two months.

The Justice Department is suing to block two proposed mergers between major health insurance companies, saying the deals violate antitrust laws and would lead to higher health care costs for Americans.

U.S. Attorney General Loretta Lynch explained the decision at a press conference:

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The U.S. Department of Justice filed two anti-trust lawsuits on Thursday to block the mergers of four of the nation’s five largest health insurance companies.

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