Forbes January 13, 2020
Health insurer Cigna and Oscar Health will launch commercial health insurance plans for small businesses in several U.S. markets.
Oscar, perhaps best known for selling individual coverage known as Obamacare under the Affordable Care Act, has been working to expand its offerings in an increasing number of U.S. individual and small group markets. Cigna, which owns the pharmacy benefit manager Express Scripts, has a big business administering coverage for large self-insured employers and is also working to package an array of medical, pharmacy and behavioral health benefits for employers large and small.
In the partnership with Cigna, the two companies plan to “share risk equally under a reinsurance agreement” to sell fully insured plans to the small group market under...
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