Skip to content
Breaking News

Breaking News

  • Home
  • World
  • Business
  • Health
  • Entertainment
  • Life Style
  • Sports
  • Toggle search form

Cigna explores shedding Medicare Advantage business  | Reuters News Agency

Posted on November 6, 2023 By Admin No Comments on Cigna explores shedding Medicare Advantage business  | Reuters News Agency


DealsGovernmentHealth

06 November 2023, 6:28 pm 1 minute

Reuters was first to report that U.S. health insurer Cigna Group (CI.N) is exploring the sale of its Medicare Advantage business, which manages government health insurance for people aged 65 and older, a move that would mark a reversal of its expansion in the sector.  

Market Impact

Cigna shares rose as much as 1% to $314.06 after Reuters reported the talks, but gave back some of those gains and were up about 0.4% in midday trading. Cigna’s Medicare Advantage business generated 4.4% of the company’s $179.4 billion in revenue from external customers in 2022. Those eligible must already be covered by Medicare, a government program that mainly applies to Americans age 65 and over, or those with some disabilities.

Article Tags

Topics of Interest: DealsGovernmentHealth

Type: Reuters Best

Sectors: Business & FinanceMergers & AcquisitionPharmaceuticals & Healthcare

Regions: Americas

Countries: US

Win Types: Speed

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story



Source link

Health

Post navigation

Previous Post: IMF seeks fresh report on state-owned enterprises losses – SUCH TV
Next Post: Desire Marea’s Genre-Melting Music Stirs South Africa, and the World

More Related Articles

Black men at higher risk of dying from skin cancer, study finds Health
When Medicaid Comes After the Family Home Health
ADHD & women: the story you haven’t been told | The Express Tribune Health
Researchers amazed as weight loss drug proves promising in diabetes treatment Health
How to treat cracked nails – SUCH TV Health
Study aims to break link between brain injury and depression Health

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Trump praises Japan’s ‘great’ female leader in talks on trade, critical minerals
  • North Sea oil and gas firm Petrofac files for administration
  • This man ate 24 eggs everyday for 30 days – his blood reports came as a shock!
  • Babar Azam’s batting position for South Africa T20Is confirmed
  • Sydney Sweeney’s relationship with controversial Scooter Braun raises eyebrows

Categories

  • Business
  • Entertainment
  • Health
  • Life Style
  • Sports
  • World

Copyright © 2025 Breaking News.

Powered by PressBook Blog WordPress theme