Datapoint: HCSC Could Be Poised to Buy Cigna’s MA Business

Cigna Healthcare is in “exclusive talks” to sell its Medicare Advantage business to Health Care Service Corp. for between $3 billion and $4 billion, according to a Jan. 3 report in the Wall Street Journal. The report comes shortly after Bloomberg cited anonymous sources saying HCSC and Elevance Health were interested in acquiring Cigna’s Medicare business, a segment the company entered in 2012 through its acquisition of HealthSpring. Cigna has struggled to compete in Medicare with market leaders such as UnitedHealth Group and Humana Inc., with 593,441 MA and dual eligible members as of December 2023.

Source: AIS’s Directory of Health Plans

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