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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.
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 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 is an American multinational for-profit managed healthcare and insurance company based in Bloomfield, Connecticut. [2] [3] Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and services, the majority of which are offered through employers and other groups (e.g., governmental and non-governmental ...
One of its largest clients is the United States Department of Defense's Tricare program. [4] Express Scripts also offers pharmacy benefit management services for workers' compensation insurance programs. The program is accredited by URAC, the nation's largest accrediting body for pharmacy benefit management companies.
In January 2024, Cigna (the eighth-largest Medicare Advantage insurer) announced plans to get out of the business, agreeing to sell its Medicare Advantage plans to Health Care Service Corp., a ...
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 ...
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 ...