Healthcare Finance News February 5, 2024
The baby boomer population, which has driven the growth of MA, is reaching its peak potential of profitability.
Medicare Advantage is facing challenging times.
This is evidenced by the impact of higher than expected utilization on insurers’ medical loss ratios and by Cigna’s recent announcement of the sale of its MA business to Health Care Service Corporation for $3.7 billion.
“And while we continue to see the seniors market as an attractive growth market, we concluded that our Medicare businesses at large at about $12 billion in revenue [that] would require sustained investments and focus and capital as well as dedicated resources that were disproportionate with their size within the Cigna Group’s portfolio,” Cigna CEO David Cordani said during Cigna’s...
Today's Sponsors
Today's Sponsor