The Wall Street Journal reported earlier Sunday that Cigna is walking away from the merger talks. Humana didn’t immediately respond to requests for comment.
Tag: Cigna
Cigna-Humana Merger Is Likely to Face Antitrust Challenge
A combination of the two health insurers will be scrutinized by the government, but that doesn’t mean it won’t have a good argument at court.
Senators Call for Investigation of Health Insurers’ Role in Driving Up Drug Costs
A pair of U.S. senators called on the federal government to investigate health insurers that are paying high prices for generic drugs for serious diseases like cancer and multiple sclerosis.
Cigna Is Paying Over $172M to Settle Medicare Advantage Reimbursement Claims
Health insurance provider The Cigna Group will pay more than $172 million over claims it gave the federal government inaccurate Medicare Advantage diagnoses codes in order to inflate reimbursement.
Bankrupt Provider’s Successor Can Sue Cigna for Unpaid Benefit Claims
A federal appeals court ruled on Friday that the successor of a bankrupt mental-health and substance-abuse treatment provider can sue Cigna for $8.6 million in unpaid benefits but cannot seek damages for fraud. The 9th U.S. Circuit Court of Appeals reinstated the majority of a lawsuit brought by Bristol SL Holdings Inc – a company… Continue reading Bankrupt Provider’s Successor Can Sue Cigna for Unpaid Benefit Claims
Cigna Completes $6.3B Sale of Non-Medical Insurance Unit to New York Life
Cigna completed the sale of its group life and disability insurance unit to New York Life Insurance for $6.3 billion in a move to focus on its healthcare businesses, the companies announced last Thursday. The acquisition of Cigna’s group life, accident, and disability insurance business, first announced a year ago, adds about 3,000 employees and… Continue reading Cigna Completes $6.3B Sale of Non-Medical Insurance Unit to New York Life
Cigna Unveils New Evernorth Brand as Health Insurers Diversify
Cigna Corp. unveiled a new brand division that will house its health-services businesses including drug-plan manager Express Scripts, in the latest sign that companies traditionally known for selling insurance see their future in competing in broader health-care markets. Called Evernorth, the unit will encompass Express Scripts, which Cigna bought in 2018 for $66 billion, and… Continue reading Cigna Unveils New Evernorth Brand as Health Insurers Diversify
New York Life to Pay $6.3 Billion for Cigna’s Life and Disability Insurance Business
New York Life Insurance Co. agreed to pay $6.3 billion in cash for a Cigna Corp. unit that sells nonmedical insurance products to employers, the two firms said Wednesday. The deal will catapult the New York insurer up the market-share rankings of businesses providing benefits like life insurance, disability-income insurance and accident insurance to employees… Continue reading New York Life to Pay $6.3 Billion for Cigna’s Life and Disability Insurance Business
New York Life in Talks to Buy Cigna Unit for Up to $6 Billion
New York Life Insurance Co. is negotiating with Cigna Corp. to acquire a unit that sells nonmedical insurance products to employers, a deal that could be valued at as much as $6 billion, according to people familiar with the matter. Cigna in recent months has been seeking a buyer for a business that sells life,… Continue reading New York Life in Talks to Buy Cigna Unit for Up to $6 Billion
Health Insurers Set to Expand Offerings Under the ACA
Insurers are expanding their Affordable Care Act plan offerings for next year, with the once-troubled business now generating profits, even as the overall individual-insurance market has shrunk. Oscar Insurance Corp. is the latest to announce its expected growth for 2020, adding six new states, including Pennsylvania and Georgia, to its current roster of nine. Insurers… Continue reading Health Insurers Set to Expand Offerings Under the ACA