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(Reuters) -Insurer Health Care Service Corp said on Wednesday it would buy Cigna's Medicare business that manages government-backed health insurance for people aged 65 and older for $3.3 billion ...
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 Cigna Group will sell its Medicare business to another insurer, Health Care Service Corp., for about $3.7 billion. ... Medicare Advantage plans are privately run versions of the government’s ...
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]
Shares of the company rose 6.3% after Cigna raised its 2024 profit forecast, just two days after agreeing to sell its Medicare business, which catered to adults aged 65 and above, to Health Care ...
The DOJ in 2017 successfully stopped Anthem, now Elevance Health, from buying Cigna for $54 billion, and thwarted Aetna's plan to purchase rival Humana for $34 billion. Here's a look at what ...
Cigna is still exploring the sale of its Medicare Advantage business, which manages government health insurance for people aged 65 and older, the sources said. That move would mark a reversal of ...
Cigna, which got into the Medicare Advantage business with its $3.8 billion acquisition of HealthSpring in 2011, would be backing away at a time the U.S. government is tightening its purse strings ...
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