The writing had been on the wall for health care insurers for some time.
Citing anti-trust violations, a federal judge had blocked Aetna's plan to merge with Humana last month. Anthem had to see it coming for its deal with Cigna this week.
U.S. District Court Judge Amy Berman Jackson blocked Anthem's planned merger for similar reasons -- the companies are just too big for the competition. Together, the rulings snuffed out nearly $100 billion in deals between the health-care insurance companies.
As stocks rose and fell on the news, lawyers scrambled to put the pieces together. But it's not likely anyone can put them back together again. There is one thing for sure, however. The attorneys will be talking about whether Anthem and Aetna owe Humana and Cigna almost $3 billion in termination fees.