MedCity News February 1, 2024
Despite Cigna and Humana ditching their pursuits to combine in December, one industry expert believes there’s still a chance after Cigna announced its plan to sell its Medicare Advantage business to Health Care Service Corp.
Cigna plans to sell its Medicare Advantage, supplemental benefits, Medicare Part D and CareAllies businesses to Health Care Service Corporation (HCSC) for $3.7 billion, the companies announced Wednesday. One expert still thinks the HCSC deal could lead to Cigna acquiring Humana, despite Cigna ditching this pursuit in December.
Cigna’s MA sale to HCSC is expected to close in early 2025. HCSC has nearly 180,000 MA members and would acquire nearly 600,000 from Cigna through the deal. HCSC is a licensee of the Blue Cross and...
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