Healthcare Finance News January 30, 2025
Cigna pulled in $1.4 billion in profit in Q4, a decrease that company officials say is due to elevated medical costs.
The Cigna Group saw profits take a hit in the fourth quarter, reaching $1.4 billion, while it struggled with elevated medical costs, officials said during an earnings call today.
Cigna’s profits for the year were $3.4 billion, a decrease from the $5.2 billion in profit logged in 2023.
Chairman and CEO David Cordani said higher stop-loss medical costs were the primary factor in the company’s lower-than-expected performance.
“While higher medical costs in our stop loss product impacted fourth quarter earnings, we are taking corrective actions to address these near-term pressures and we are simultaneously taking steps to further advance...
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