Cigna Credits New Evernorth Segment for Strong 3Q Earnings

Cigna Corp.’s new segment Evernorth, which includes the company’s Express Scripts PBM business, drove strong third-quarter earnings that beat analysts’ expectations.

At the same time, the insurer’s medical loss ratio (MLR) ticked up to 82.6% from a very low 70.5% in the second quarter, as utilization of medical services bounced back from the depressed levels seen early in the COVID-19 pandemic.

0 Comments
© 2023 MMIT
Freelance Reporter

Freelance Reporter Freelance Reporter

Related Posts

doctor-holding-patient-hands
June 2

As COVID-Related Policies Expire, Health Coverage May Reshuffle

READ MORE
medicaid-application
June 2

CMS Tells States to Slow Down Medicaid Disenrollment as Florida, Arkansas Reports Raise Alarm

READ MORE
medical-billing
June 2

Stymied in Bid to Expand Site-Neutral Pay Policies, Payers Support Transparent Billing

READ MORE

GAIN THERAPEUTIC AREA-SPECIFIC INTEL TO DRIVE ACCESS FOR YOUR BRAND

Sign up for publications to get unmatched business intelligence delivered to your inbox.

subscribe today