Health Insurer Cigna to expand Obamacare to three new U.S. states – By Reuters Newsroom (Reuters) / Aug 26 2021
Aug 26 (Reuters) – Cigna Corp (CI.N) said on Thursday it would now sell health insurance plans on online marketplaces created by the Affordable Care Act (ACA), popularly known as Obamacare, in three new U.S. states and 93 new counties.
The company will offer individual and family plans to customers in Georgia, Mississippi and Pennsylvania, as well as counties in Arizona, Florida and Virginia through individual exchanges, totaling to 313 counties spanning 13 states.
In February, CVS Health Corp (CVS.N) said it would return to selling individual health insurance plans on the ACA-created online marketplaces, citing stability in the market. read more
CVS Health’s Aetna insurance unit and other large health insurers such as UnitedHealth Group Inc (UNH.N) exited these online exchanges in 2017 and 2018, due to financial losses and uncertainty as Republicans took aim at former U.S. President Barack Obama’s signature law.
