Datapoint: Health Care Service Corp. to Buy Cigna’s MA Business

Blues stalwart Health Care Service Corp. (HCSC) will buy the Cigna Group’s Medicare Advantage business in a $3.7 billion deal. Cigna CEO David Cordani in a Jan. 31 press release said the selloff will “enable Cigna to drive meaningful value for all our stakeholders, providing an enhanced ability to accelerate investment and growth in our services platform, while further deepening our commitment to our existing health benefits platform.” HCSC currently enrolls 204,600 MA members across its five Blues plans in Illinois, Montana, New Mexico, Oklahoma and Texas. With Cigna’s 587,400 MA members, the deal will grow HCSC’s national MA market share from 0.62% to 2.40%.

Source: AIS’s Directory of Health Plans

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