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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

Narrowing the employee divide

Illustration: Shoshana Gordon/Axios

Companies are narrowing the blue- and white-collar experience as they're forced to adapt to a worker-led market.

Driving the news: Basic office tools and concepts like corporate communications and schedule flexibility are migrating to frontline operations through investments in technology.

2 hours ago - Health

U.S. to buy 500 million more Pfizer doses to share with the world

A nurse fills a syringe with a dose of the Pfizer-BioNTech COVID-19 vaccine. Photo: Ben Hasty/MediaNews Group/Reading Eagle via Getty Images

The Biden administration is planning to purchase 500 million more Pfizer-BioNTech coronavirus vaccine doses to donate to the world, officials said in an op-ed Wednesday.

Why it matters: The move represents a big step toward making the U.S. a major global vaccine supplier just as China has ramped up exports of its Sinopharm, Sinovac and CanSino vaccines, which can be stored at normal refrigerator temperatures.

D.C.'s building boom grinds to a halt

Illustration: Brendan Lynch/Axios

The decades-long building boom that remade Washington D.C. is screeching to a halt, undone by broader construction trends and the legacy of the post-pandemic workplace.

Why it matters: Dizzying construction has reshaped the city, reinvigorated downtown and created bustling new communities.