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Cigna Corp. reported $1.56 billion in quarterly profits, up 6% year on year, thanks to rising health plan membership and continued growth of the company’s Evernorth health services business, Forbes reports. Revenues rose 5% to $45.5 billion compared to $43.1 billion in the year-ago period.
1. Cigna sued for allegedly auto-denying over 300,000 medical claims
2. FTC refunds customers for fraudulent health plans sold by Benefytt
3. Health systems consider dropping Medicare Advantage plans due to financial losses
4. UnitedHealth faces rising lawsuits following Change Healthcare cyberattack
5. MedPAC calls for 'major overhaul' of Medicare Advantage policies
6. Medicare to cover Novo Nordisk's weight-loss drug for heart patients