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Illustration: Sarah Grillo/Axios

The Delaware court that oversaw the trial between Anthem and Cigna over their botched health insurance merger expects to making a ruling on the lawsuit by the end of this month, Cigna CEO David Cordani told investors Thursday.

Why it matters: Whatever the resolution is, shareholders and people who get health insurance through the losing company ultimately will be stomaching a very large payout.

Where it stands: Anthem is alleging that Cigna owes $20 billion in damages, and Cigna is alleging that Anthem owes $13 billion in damages plus another $1.85 billion in merger termination fees.

Between the lines: Cordani told investors during Cigna's earnings call that the court will make a decision by the end of February, and said "we feel very strong about our position relative to our contractual responsibility and contractual ability to collect our break fee."

  • Anthem did not respond to a request for comment. But Cordani's mention of the $1.85 billion termination fee, and not the larger damages, raises questions about whether the court will put much weight to either company's claims of damages.

The bottom line: This is one of the wildest corporate fights in health care — a spat that involved accusations of sabotage and stealing health insurance customers.

  • Anthem and Cigna are still extremely profitable, with each insurer reporting 2019 earnings of about $5 billion.
  • But if either company has to pay maximum damages, multiyear profits would be erased, and employers and consumers who played no role in the feud could be on the hook for higher health care premiums and fees to make up for any payout.

Go deeper

9 hours ago - World

Over 170 Palestinians injured in clashes with Israeli police in Jerusalem

An injured man is carried away as Israeli security forces clash with Palestinian protesters at the al-Aqsa mosque compound in Jerusalem. Photo: Ahmad Gharabli/AFP via Getty Images

At least 178 Palestinians have been injured in clashes with Israeli police in Jerusalem, Reuters reported late Friday.

The big picture: The clashes come amid growing anger over the threatened eviction of Palestinians from their homes on land claimed by Jewish settlers in East Jerusalem. Tensions have also escalated in the occupied West Bank in recent weeks.

Updated 11 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: Coronavirus cases hit a seven-month low — Majority back vaccine proof requirements for travel, schools and work — The race to avoid a possible "monster" COVID variant.
  2. Politics: Oklahoma secures $2.6 million refund for hydroxychloroquine purchase — Why Biden's latest vaccine goal is his hardest yet.
  3. Vaccines: Pfizer begins application for full FDA approval of COVID-19 vaccine — Moderna says its COVID booster shot shows promise against variants.
  4. Economy: U.S. adds just 266,000 jobs in April, far below expectations — Americans' return to the skies could benefit smaller airlines.
  5. World: WHO authorizes China's Sinopharm COVID-19 vaccine for emergency use — Mixed response in Europe to Biden's vaccine patents bombshell.
  6. Variant tracker: Where different strains are spreading.

Ohio GOP censures Rep. Anthony Gonzalez over Trump impeachment vote

Photo: Bill Clark/CQ-Roll Call, Inc via Getty Images

The Ohio Republican Party on Friday censured Rep. Anthony Gonzalez (R-Ohio) and called for him to resign for voting to impeach former President Trump in January, Reuters reports.

The big picture: Gonzalez is the latest Republican lawmaker to be punished for voting to impeach the former president on a charge of inciting the deadly Jan. 6 insurrection.