Cigna to exit Affordable Care Act market, adding to tumult
Source: Wall Street Journal (no paywall)
Cigna Group will exit the Affordable Care Act market next year, the latest sign of turmoil in a business that has been hit hard by the loss of federal subsidies.
Cigna will be the second major health insurer to leave the rapidly shrinking ACA market, after CVS Healths Aetna stopped offering plans at the start of this year.
ACA policyholders are dropping their coverage ( https://www.wsj.com/health/healthcare/millions-of-americans-are-going-uninsured-following-expiration-of-aca-subsidies-0051240d ) because of spiking monthly bills, after the January phaseout of higher federal subsidies that started during the pandemic. Insurers and actuaries are projecting that overall ACA enrollment could fall by as much as a quarter this year.
Last year, there were around 24 million people enrolled in ACA plans. Sign-ups fell to 23 million for 2026, and attrition since then has been steep, as people failed to make premium payments during an initial grace period that expired at the end of March.
Read more: https://www.msn.com/en-us/health/other/cigna-to-exit-affordable-care-act-market-adding-to-tumult/ar-AA2261Hy
No paywall and no gimmicks like "gimme your email first" at this MSN-hosted article
eppur_se_muova
(42,275 posts)Sold to Health Care Service Corporation (HCSC) in March 2025.
The name change applies to Medicare Advantage, Supplemental Benefits, and Medicare Part D plans, with the new branding taking effect for the 2026 plan year.
My mom had a Cigna account, she now has a Healthspring account.
magicarpet
(19,107 posts)trumped is making the ACA die a slow bankruptcy while he leaving healthcare clients right back from where they came, right back into the ranks of the uninsured.
djt is so insanely ecstatic and joyful to see the ACA go bye-bye. If Obama had not publicly insulted trumpee at the WHCA-Dinner many many years ago. djt would have let the issue slide and not gone so venomous and vengeful for such an extended duration of time.
The Obama flagship accomplishment will soon be no more. The ACA could have evolved and transitioned in to a one payer healthcare system, like every other 1st world country has enacted.
But the privatized health insurance providers would not permit such a thing. They would again by screaming and hollering at the top of their lungs that government control of the healthcare system was a communist socialist plot. The insurance lobbyists would curtail each, every, and all kickbacks and under the table payouts to Washington politicians. So any vote in the capitol would be shot down almost immediately.
There is endless money for military expenditures and warmonger's wars. But scant little money available for the healthcare and betterment of our society.
C Moon
(13,702 posts)He had to get an MRI, and it cost him $40didn't even have to wait long.
Captain Zero
(8,944 posts)Years ago.
It was a ball of shit plan.
I can believe that company would help Trump anyway they could. They are probably in some kind of under the table art of the deal with him.
Wouldn't surprise me at all.