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Anthem to buy rival Cigna to create new health insurance

The Anthem Blue Cross headquarters
The Anthem Blue Cross headquarters
David McNew/Getty Images

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Your health insurance choices may be shrinking. Insurer Anthem says it has agreed to buy Cigna for just over $48 billion. 

It's the latest move in a wave of consolidation within the health insurance business. Earlier this month Aetna acquired Humana. If both deals are approved it would leave the U.S. with only three major health insurers. 

Chad Terhune of the LA Times recently wrote about this and joined the show to explained what it all means.