Cigna Group’s Express Scripts sued the US Federal Trade Commission over a recent report that the company said demonizes pharmacy benefit managers and asked the court to order the agency to retract it. The lawsuit escalates the conflict between drug …
Health insurer Cigna Group says it has reached a settlement with the United States over claims it overcharged the government’s Medicare Advantage program by making it appear patients were more ill than they actually were. The settlement, reached on Friday, …
A federal lawsuit alleges that health insurance giant Cigna used a computer algorithm to automatically reject hundreds of thousands of patient claims without examining them individually as required by California law. The class-action lawsuit, filed Monday in federal court in …
Cigna Corp.’s chief executive officer and board used “black-ops-style” tactics in a covert campaign to “blow up” a $48 billion merger with rival insurer Anthem Inc., Cigna investors claim in a lawsuit. A Massachusetts-based pension fund alleges that Cigna CEO …
Health insurer Cigna Corp. said on Wednesday it had agreed to sell its disability insurance and accidental death coverage unit for company employees to New York Life Insurance Co for $6.3 billion. The company said it expects to use the …
Health insurer Cigna Corp. said on Thursday it had introduced a plan to fully cover costs for expensive gene therapies, eliminating any out-of-pocket payments for customers. Gene therapies, which in general aim to treat diseases by manipulating genes at a …
U.S. health insurer Cigna Corp is exploring a sale of its group benefits insurance business, which could be valued at as much as $6 billion, four people familiar with the matter said on Tuesday. The unit for sale offers disability …
The U.S. government’s proposal to eliminate rebates that pharmacy benefit managers receive from drugmakers will not have a meaningful impact on growth, and does not affect the commercial market, Cigna Corp. Chief Executive Officer David Cordani said on Friday. Investors …
Activist investor Carl Icahn said shareholders in Cigna Corp. should vote against the $54 billion takeover of pharmacy-benefits firm Express Scripts Holding Co. because the health insurer is “dramatically overpaying.” “Cigna management is offering to pay an all-time high price …
Cigna Corp. said on Thursday it was confident of winning shareholder approval for its $52 billion Express Scripts buyout, a day after reports that investor Carl Icahn had picked up a stake in the insurer and was planning to vote …
