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(Reuters) - Health insurer Cigna Group said on Thursday it would remove the use of prior authorization or paperwork required to get approval for insurance coverage for 25% of medical services.
Prior authorization is a process used by some health insurance companies in the US to determine if they will cover a prescribed procedure, service, or medication. Learn about the purpose, costs, and challenges of prior authorization, as well as the legislative and technological developments to improve it.
Cigna is a multinational corporation that offers medical, dental, disability, life and accident insurance and related products and services. It was formed by the 1982 merger of Connecticut General Life Insurance Company and INA Corporation, and has undergone several acquisitions and divestitures since then.
Glaser Drug Company sold its Express Scripts partnership interest back to Sanus before it was acquired by chain SupeRx in 1989 for $18.2 million. SupeRX declared bankruptcy and all stores closed in 1991 after Walgreens acquired the pharmacy records. SupeRX's loan to buy Glaser Drug Co. had been financed by Lincoln Savings and Loan Association ...
Cigna said on Monday it will remove AbbVie’s blockbuster rheumatoid arthritis drug Humira from some of its lists of preferred drugs for reimbursement in 2025, and recommend less pricey ...
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.
Managed care is a system of delivering and receiving health care in the U.S. that aims to reduce costs and improve quality. It involves various mechanisms, such as provider networks, utilization review, and cost-sharing, and has a controversial impact on health care access and outcomes.
Cigna Group said on Thursday its pharmacy benefit management unit had launched a program aiming to cap annual cost increases for health insurance providers and employers from new weight-loss drugs ...
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