Becker's Healthcare January 3, 2024
Cigna is nearing a deal to sell its Medicare Advantage business to Health Care Service Corp., the Wall Street Journal reported Jan. 3.
The outlet previously reported both Elevance Health and HCSC were eyeing the business. People familiar with the deal told the Journal Cigna is in exclusive talks with HCSC to sell the Medicare Advantage business for between $3 and $4 billion.
Cigna had 599,000 Medicare Advantage members as of Sept. 30, a small portion of the company’s 19 million insurance members.
Health Care Service Corp. operates Blue Cross Blue Shield affiliates in...
Today's Sponsors
Today's Sponsor