Cigna’s exit adds to ObamaCare marketplace upheaval

Cigna’s exit adds to ObamaCare marketplace upheaval

Cigna is pulling out of the Affordable Care Act (ACA) exchanges in 2027, the company said, adding to the turmoil facing the individual marketplace after the loss of enhanced federal subsidies.  Executives announced the decision on Cigna’s earnings call Thursday, a day when the company reported a better-than-expected first quarter, including $1.7 billion in first quarter net income.  Cigna is now the second…

Cigna pulls out of ObamaCare exchanges, deepening turmoil for ACA marketplace

Cigna will abandon the Affordable Care Act exchanges in 2027, the company announced Thursday on its earnings call, becoming the second major insurer to flee the ObamaCare marketplace and leaving 369,000 members across 11 states searching for new coverage. The decision came even as Cigna reported a better-than-expected first quarter, including $1.7 billion in net...

Cigna Exits ObamaCare Exchanges, Leaving 369K Without Coverage

Cigna announced Thursday it will abandon the Affordable Care Act exchanges in 2027, leaving 369,000 members across 11 states searching for new coverage and adding to a growing list of major insurers fleeing a marketplace that was supposed to make health care affordable and stable. The decision, disclosed on Cigna's earnings call, came from Brian Evanko, the company's president and incoming chief executive. He said the company simply could not fi…