"Cigna Advances in Negotiations to Divest Medicare Advantage for Up to $4B"
Cigna Group is in advanced discussions to sell its Medicare Advantage business to Health Care Service Corp in a deal potentially worth $3 billion to $4 billion. The sale would indicate a strategic shift for Cigna, which has seen the U.S. government reduce reimbursement rates for health insurers. Cigna's Medicare Advantage segment represents a small portion of its overall revenue, with the bulk coming from its commercial and pharmacy benefits divisions. The deal is expected to be announced soon unless negotiations falter.
