Cigna Medicare Advantage sale advances as company raises outlook

Cigna Medicare Advantage sale advances as company raises outlook 
Modern Healthcare; by Lauren Berryman; 5/2/24 
Cigna Group has taken a big step forward to exit the Medicare Advantage business, a strategy that may pay off given industry headwinds. ... The deal, announced in January for $3.3 billion, is on track to close in the first quarter of 2025, he said. Medicare Advantage carriers, including heavyweights CVS Health and Humana, are battling pressures related to higher medical costs, heightened regulatory scrutiny and slower enrollment growth.