Exclusive-Cigna explores shedding Medicare Advantage business -sources

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

U.S. health insurer Cigna Group is exploring the sale of its Medicare Advantage business, which provides additional benefits to those covered by federal...

NEW YORK - U.S. health insurer Cigna Group is exploring the sale of its Medicare Advantage business, which provides additional benefits to those covered by federal health insurance, a move that would mark a reversal of its expansion in the sector, according to people familiar with the matter.

A Cigna spokesperson said the company does not comment "on rumors or speculation" as a matter of policy. Goldman Sachs analysts said in an April note that the new reimbursement framework introduced by the U.S. Centers for Medicare & Medicaid Services earlier this year would create a near-term "overhang" on Medicare Advantage businesses, and that its exact impact would be hard to assess.

Warren Buffett's business partner trashed VCs, shared his recipe for success, and pointed out a big difference between Heinz ketchup and Kraft cheese.Stocks eclipsed by massive gains in a handful of mega-cap names could end up driving huge returns for investors in the next decade, a CIO argues.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Exclusive-Cigna explores shedding Medicare Advantage business -sourcesExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Exclusive-China's clashing priorities behind rare money market distressExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »