Cigna announced it is undertaking a major business expansion in the Medicare Advantage space at the JPMorgan Healthcare Conference. Big name companies in the health insurance market are also looking to expand into other regions to offer more of their Medicare Advantage benefits.
Cigna CEO David Cordani commented on the expansion...Arizona News
The statewide, multiyear agreement impacts about 2,000 physicians in Arizona practicing at Banner Health, Dignity Health and HonorHealth hospitals.
While Envision clinicians will be in-network for Cigna’s commercial, Medicare and individual plan customers in Arizona, UnitedHealthcare and Envision are facing a termination of their...Arizona News
On Monday the Justice department gave the $52 billion merger between Cigna and Express Scripts a green light. The health insurance giant and massive pharmacy benefits manager aim to cut costs of care.
The deal passed a shareholder vote toward the end of August but the DOJ's vote was the last major obstacle to clear, all that...Arizona News
In Arizona rate review filings, Cigna Healthcare of Arizona proposed an 18.2 percent on-average rate reduction for individual products it plans to offer in 2019.
The insurer returns to the Arizona market after offering individual/family exchange plans in 2014, 2015 and 2016. Cigna dropped out of the 2017 market, leaving only two...National News
Uncertainty surrounds potential mega-healthcare mergers as the CVS-Aetna deal and Cigna's acquisition of Express Scripts are in question. Just last year, the Justice Department thwarted the Cigna-Anthem and Aetna-Humana mergers.
The California Insurance Commissioner is adamant that the CVS-Aetna $69 billion merger proposal be blocked...News
Absorbing Express Scripts, the nation’s largest pharmacy benefit manager, could further reshape the roiling health care landscape.
The deal would mark the end of the last major independent pharmacy benefit manager, one that has focused on striking deals with drug companies to lower costs for insurers and employers. Express Scripts...National News
Medicare Advantage enrollment is projected to rise to 38 million, or 50% market penetration, by the end of 2025.
Anthem, Humana and WellCare Health Plans are signaling plans to aggressively grow their Medicare Advantage businesses with the help of mergers and acquisitions. The three health insurers are in a competitive battle with...Arizona News
The idea is to offer health plans in Maricopa County that promise to save employers money on health insurance premiums.
This is the first time the two organizations not only jointly govern the health plans they are launching, but also will share in the risks of the plans' financial success, said Dr. David Hanekom, CEO of Arizona Care...