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HCSC, Elevance Compete for Cigna Medicare Advantage Unit
One of the US’s largest managers of pharmacy benefits, Cigna also offers comprehensive medical coverage, including through private Medicare Advantage plans sold to people over the age of 65. It’s a relatively minor player in that market, with fewer than 600,000 Medicare Advantage enrollees as of March, according to data from health researcher KFF.
Cigna’s Medicare Advantage business is on track to lose money this year and next, according to confidential numbers shared with potential buyers, the people said.
[EXTERNAL LINK] - HCSC, Elevance Compete for Cigna Medicare Advantage Unit - BNN Bloomberg
One of the US’s largest managers of pharmacy benefits, Cigna also offers comprehensive medical coverage, including through private Medicare Advantage plans sold to people over the age of 65. It’s a relatively minor player in that market, with fewer than 600,000 Medicare Advantage enrollees as of March, according to data from health researcher KFF.
Cigna’s Medicare Advantage business is on track to lose money this year and next, according to confidential numbers shared with potential buyers, the people said.
[EXTERNAL LINK] - HCSC, Elevance Compete for Cigna Medicare Advantage Unit - BNN Bloomberg
