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Google trend - Cigna

Cigna eyes buyer for Medicare biz

Health insurance behemoth Cigna is reportedly in advanced talks to sell its Medicare Advantage business to Health Care Service Corp. for as much as $4 ...

Read more at Axios


Cigna Nears Deal to Offload Medicare Business

Insurance giant is in exclusive talks to sell unit to Health Care Service Corp. for between $3 billion and $4 billion.

Read more at The Wall Street Journal


Explain Cigna in 500 words
Cigna is a global health services company that offers a wide range of health insurance and related services to individuals, employers, and government entities. With a history dating back to 1792, Cigna has grown to become one of the largest health insurance companies in the United States and operates in over 30 countries worldwide.
One of Cigna's primary offerings is health insurance coverage for individuals and families. They provide a variety of plans, including HMOs (Health Maintenance Organizations), PPOs (Preferred Provider Organizations), and high-deductible health plans. These plans typically cover medical expenses such as doctor visits, hospital stays, prescription drugs, and preventive care. Cigna also offers dental, vision, and supplemental insurance plans to enhance their customers' coverage.
In addition to individual health insurance, Cigna also provides employer-sponsored health plans. These plans are designed to meet the unique needs of businesses and their employees. Cigna works closely with employers to develop customized benefit packages that offer comprehensive coverage while managing costs. They provide tools and resources to help employees make informed healthcare decisions and promote wellness in the workplace.
Cigna's focus on wellness extends beyond just insurance coverage. They offer various wellness programs and services to help individuals and organizations improve their overall health and well-being. This includes initiatives such as health assessments, coaching programs, and online tools to track and manage health goals. Cigna also partners with healthcare providers and organizations to promote preventive care and disease management, aiming to improve health outcomes and reduce healthcare costs.
Another significant aspect of Cigna's business is their pharmacy benefits management (PBM) services. Through their subsidiary, Express Scripts, Cigna provides integrated pharmacy solutions that help customers manage their prescription medications effectively. This includes home delivery pharmacy services, specialty pharmacy services, and digital tools to support medication adherence and cost savings.
Cigna is committed to making healthcare more accessible and affordable. They work to negotiate discounted rates with healthcare providers, ensuring that their customers receive quality care at reasonable costs. They also offer cost transparency tools that allow individuals to compare prices for medical procedures and prescription drugs, helping them make informed decisions about their healthcare expenses.
Beyond their core business, Cigna is actively involved in corporate social responsibility initiatives. They strive to make a positive impact on the communities they serve through various philanthropic efforts. Cigna's focus areas include improving health equity, addressing social determinants of health, and supporting mental health and well-being.
In summary, Cigna is a global health services company that provides health insurance coverage, wellness programs, pharmacy benefits management, and related services. They aim to improve access to quality healthcare, promote wellness, and manage healthcare costs for individuals, employers, and government entities. With a long history and a strong commitment to social responsibility, Cigna continues to be a leader in the healthcare industry.
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