Forbes January 1, 2024
Health insurance companies that for years have largely grown their Medicare Advantage business organically as Americans flocked to sign up for such coverage will have opportunities to grow by acquisition in 2024.
With Cigna deciding against an acquisition of Humana to build a combined diversified health insurance conglomerate in favor of “bolt-on acquisitions,” there’s been some speculation Cigna could divest its Medicare Advantage business.
Cigna’s Medicare Advantage business is much smaller than its rivals that include UnitedHealth Group and CVS Health’s Aetna health insurance unit. Humana’s Medicare Advantage business is almost 10 times the size of Cigna’s, which has more than 590,00 seniors enrolled.
When Cigna announced it would significantly increase its share repurchase program and pursue “bolt on” acquisitions...
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