Anthem, the second largest U.S. health insurer by membership, proposed to buy Cigna, the nation's fourth-largest, for more than $47 billion. Cigna rejected the overture on Sunday. Anthem, though, is evidently determined. (Grant, 6/22) The Associated Press: Anthem Reaffirms Commitment To It's $47B For Cigna Anthem sees its more than $47 billion bid to buy rival Cigna as a way to muscle up on technology that helps consumers and to strengthen its rapidly growing Medicare Advantage business. Leaders of the Blue Cross-Blue Shield insurer reaffirmed on Monday their commitment to getting a deal done a day after Cigna shot down the idea in a letter delivered to Anthem's board. (Murphy, 6/22) Reuters: Anthem Confident, But Experts See Antitrust Hurdles To Cigna Deal U.S. health insurer Anthem Inc on Monday dismissed concerns that buying smaller competitor Cigna Corp would be considered anti-competitive, even as antitrust experts said the combination would earn regulatory scrutiny.