Healthcare DIVE February 3, 2023
CEO David Cordani addressed the CMS’ recent changes to the Medicare Advantage program, Cigna’s multibillion-dollar investment in VillageMD and more in the payer’s fourth-quarter earnings on Friday.
Cigna plans to comply fully with sweeping Medicare Advantage audits announced by the CMS this week, according to CEO David Cordani. The audits, which health insurers have heavily opposed, are expected to result in the government recouping billions of dollars in overpayments.
Cordani told investors Friday morning on Cigna’s fourth-quarter earnings call that the payer is pleased with the government’s proposal to not extrapolate samples of diagnostic coding errors to their entire membership before 2018, which effectively gives plans seven years of immunity from any repayments.
However, the payer is concerned about the...
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