Datapoint: Cigna Aims for 25% Commercial Health Plan Growth by 2025
Cigna Corp. aims to grow its commercial health plan business by 25% by 2025, according to a March 8 presentation to investors. The insurer is focused on Medicare Advantage (MA), noting that 150,000 of its commercial members turn 65 each year. Cigna currently ranks eighth in MA nationally, with 560,908 members as of February 2021. The company also highlighted its individual and family plan products, outlining its goal to grow its current membership to 500,000 lives and double its market presence to 20 states. Cigna currently has 276,653 individual members, with about 90% enrolled in an Affordable Care Act exchange plan.
Source: AIS’s Directory of Health Plans