Cigna exits ACA exchanges despite dramatic profit growth in Q1

Rebecca Pifer Parduhn / healthcaredive - The insurer plans to say goodbye to the ACA exchanges after this year, and is exploring a potential sale of its controversial claims review subsidiary. Both businesses were more trouble than they were worth, executives said.

AI Summary: Cigna announced it will withdraw from Affordable Care Act individual exchanges even after reporting robust first-quarter earnings. The insurer cites strategic and operational reasons for exiting markets where risk and costs bite, a move likely to reduce competition in some states and could leave consumers with fewer plan choices or higher premiums.

---

Warning: Undefined variable $thumbnail in /home3/thegood9/public_html/website_70aad9ea/cluster.php on line 61

Related Stories

---

Warning: Undefined variable $top_stories in /home3/thegood9/public_html/website_70aad9ea/cluster.php on line 128

CMS finalizes ACA exchange overhaul expanding plan options / 13 days

CMS reports fewer ACA signups and rising premiums / 2 months

CMS finalizes Medicare Advantage star ratings overhaul affecting billions / 1 month

Visa delays threaten doctor placements in underserved U.S. areas / 26 days

131 hospitals sue HHS over alleged Disproportionate Share underpayments / 1 month

Privacy advocates sue CMS over Medicare AI prior-authorization pilot / 1 month

Senate Democrats unveil plan to cut health costs and expand coverage / 2 months