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NOTICE OF PUBLIC HEARING

PLEASE NOTE: THE DATE OF THE HEARING HAS BEEN MOVED TO THURSDAY, JANUARY 10, 2019.

Registration is now closed. No new registrations will be accepted due to capacity limits.

If you have previously submitted a registration request for the original December 7, 2018 hearing date, you will receive an email from DFS asking you to confirm your status for the rescheduled, January 10, 2019 hearing date.

The New York State Department of Financial Services hereby gives notice of the following public hearing:

Subject:  Application by Cigna Corporation et al for Approval of Acquisition of Control of Medco Containment Insurance Company of New York, a subsidiary of Express Scripts Holding Company

Time and Date:  10:00 a.m. on December 7, 2018

Place:  Department of Financial Services, One State Street, 6th Floor Hearing Room, New York, NY 10004

Purpose:  Pursuant to Financial Services Law §§ 304-a, 305, and 306 and Insurance Law § 1506, the Superintendent of Financial Services will hold a public hearing that will provide an opportunity for all stakeholders to comment on the potential impacts on consumers and the insurance marketplace in New York State of the proposed acquisition by Cigna Corporation et al of Medco Containment Insurance Company of New York, a subsidiary of Express Scripts Holding Company.  This notice is provided in accordance with Financial Services Law § 304.

Details:  The hearing is open to the public.  Interested parties may testify at the hearing or submit written comments to be included in the hearing record.  Each speaker will be allowed up to five minutes for oral testimony.  The hearing will be transcribed.

Members of the public who wish to attend this hearing must register 48 hours in advance of the hearing (by 10:00 AM on December 5, 2018) by email to public-hearings@dfs.ny.gov with the subject line “CIGNA-ESI 2018 HEARING”.  All visitors must be registered in the building’s security system and show valid, government-issued identification upon arrival.

Requests to testify at the hearing should be made 48 hours in advance of the hearing (by 10:00 AM on December 5, 2018).  Written comments will be included in the hearing record provided that they are received by or before 5:00pm on December 11, 2018.  Requests to testify and written comments should be submitted to: New York State Department of Financial Services, Public Affairs Office – CIGNA-ESI 2018 Hearing, One State Street, New York, NY 10004, or e-mailed to public-hearings@dfs.ny.gov with the subject line “CIGNA-ESI 2018 HEARING.”

In accordance with the Americans with Disabilities Act, the Department of Financial Services will provide reasonable accommodations, including interpreter services for the hearing impaired, at no charge to any covered individual wishing to testify at the public hearing, provided that such request is received at least five business days prior to the hearing date and communicated in writing to: New York State Department of Financial Services, Public Affairs Office – CIGNA-ESI 2018 Hearing, One State Street, New York, NY 10004.

For further information, please contact:

New York State Department of Financial Services
Public Affairs Office – CIGNA-ESI 2018 Hearing
One State Street
New York, NY 10004
public-hearings@dfs.ny.gov

 

Updated 11/30/2018

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