The Cigna Group, one of the country’s largest health services and insurance firms, is joining others, including Aetna and UnitedHealthcare, in divesting its individual health exchange business.
By the end of 2026, Cigna Group will no longer offer insurance through the Affordable Care Act (ACA), also known as “Obamacare,” the company said during its April 30 earnings call.
According to its first-quarter earnings report, as of March 31, the company’s individual exchange business had 369,000 members in individual and family plans.
“We did not make this decision lightly, and appreciate the importance of ensuring patients have continuity through the transition,” Brian Evanko, Cigna Group’s president, chief operating officer, and incoming CEO, said during the earnings call….