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Cigna-HealthSpring Adding Downtown Office Location; Plans to Hire Some 120 New Staff CHICAGO--(BUSINESS WIRE)-- Cigna-HealthSpring, one of the nation's leading Medicare Advantage plans focused on ...
Cigna sold the majority of its life insurance operations to Lincoln National Corporation in 1997. [10] [11] In October 2011, Cigna agreed to buy HealthSpring Inc. for $3.8 billion to jump-start its business selling Medicare plans from 46,000 Medicare Advantage members to almost 400,000 Medicare Advantage members. [12]
Cigna's Medicare Advantage business generated 4.4% of the company's $179.4 billion revenue from external customers in 2022. Its plans currently serve 3.6 million Medicare members.
Insurance Company of North America (INA) is the oldest capital stock insurance company in the United States, [2] founded in Philadelphia in 1792. It was one of the largest American insurance companies of the 19th and 20th centuries before merging with Connecticut General Life to form CIGNA in 1982, and was acquired by global insurer ACE Limited (currently Chubb Limited) [3] in 1999.
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Cigna-HealthSpring Adding Downtown Office Location; Plans to Hire Some 120 New Staff CHICAGO--(BUSINESS WIRE)-- Cigna-HealthSpring, one of the nation's leading Medicare Advantage plans focused on ...
Cigna, which got into the Medicare Advantage business with an $3.8-billion acquisition of HealthSpring in 2011, would be backing away at a time when the U.S. government is tightening its purse ...
The company was founded in 1986 in Nashville by Phil Bredesen. [3]In August 1998, the company merged with Principal Health Care and moved its headquarters to Bethesda, Maryland.