Cigna is exiting Missouri and Kansas even as it plans to expand its Affordable Care Act business by selling individual coverage in 15 new counties in North Carolina next year.
Cigna has more than doubled its ACA enrollment this year, going from 337,000 at the end of 2022 to 821,000 currently, according to a report from Forbes.
“We take a thoughtful and deliberate approach to our geographic presence to ensure our plans meet high standards for affordability, network quality and comprehensive coverage,” Chris DeRosa, president of US government business at Cigna Healthcare, told Forbes. “Cigna has continuously maintained our presence in the ACA Marketplace over the past 10 years, and we are proud to continue using our expertise to help customers have a healthier future.”
More than 6 million Americans signed up for ACA coverage that began Jan. 1 – a record number, according to the Biden administration.
Open enrollment at healthcare.gov begins Nov. 1 and runs until Dec. 15 for coverage starting Jan. 1, 2024, Forbes reported.
“Health and wellbeing are key to a person’s overall vitality, which is why we provide comprehensive medical, behavioral, and pharmacy benefits and a host of other features that make it simple for customers to access affordable care when and where they need it,” DeRosa told Forbes.
Cigna is the third-largest insurer in the US by market capitalization.
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