Health insurer Cigna Group (CI) is in talks to sell its Medicare Advantage business to Health Care Service Corporation for up to $4 billion, per a Wall Street Journal report. Editor's note: This article was written by Angel SmithVideo TranscriptJULIE HYMAN: Well, health insurer Cigna Group reportedly in talks to potentially sell its Medicare Advantage business. They've had the last three years of just growth in their Medicare Advantage business. Story continuesJOSH LIPTON: And why is Cigna offloading the Medicare Advantage business now? And the way that Medicare Advantage works is that these insurers basically get a set price per patient.

Source: Wall Street Journal January 03, 2024 21:54 UTC