Story perspectives
Cigna Sells Medicare Business to HCSC for $3.3 Billion
3/19/2025
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Story summary
- Cigna divested its Medicare business to Health Care Service Corporation for $3.3 billion, covering Medicare Advantage and Part D plans.
- Cigna will maintain pharmacy benefit management via its Evernorth division.
- HCSC plans to enhance its Medicare offerings, targeting over 4.3 million members.
- Cigna experienced a 2% decline in Medicare enrollment, totaling 589,000 last year.
