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Cigna

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36: 852: 540: 876: 469:(HCSC) to sell Cigna Group's Medicare Advantage, Cigna Supplemental Benefits, Medicare Part D and CareAllies businesses. The total value of the transaction is about $ 3.7 billion. The deal also included a four-year service agreement under which Evernorth Health Services, a subsidiary of Cigna Group, will continue to provide pharmacy benefits to Medicare. With all necessary approvals, the deal will be completed in the first quarter of 2025. 2951: 431:, with Anthem stating it would "continue to enforce its rights under the merger agreement and remains committed to closing the transaction." After exhausting federal appeals of the antitrust merger block, the companies turned on each other in Delaware's Court of Chancery. The legal saga came to an end with an August 31, 2020 decision denying both companies claims for compensation from the other for the failed merger. 289: 271: 253: 236: 213: 864: 27: 366:. Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and services, the majority of which are offered through employers and other groups (e.g., governmental and non-governmental organizations, unions and associations). Cigna is incorporated in 1787:
Last month, testimony in front of the U.S. Senate Committee on Commerce, Science and Transportation by a former health insurance insider named Wendell Potter made news even before it occurred: CBS News headlined: "Cigna Whistleblower to Testify." After Potter's testimony, the industry scrambled to do
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CGHB global health plans typically include medical, dental, behavioral and disability, as well as business travel and life components. Expatriates are defined as employees of multinational companies working outside their home country on short or long-term international assignments. CGHB maintains its
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Inc. for $ 3.8 billion to jump-start its business selling Medicare plans from 46,000 Medicare Advantage members to almost 400,000 Medicare Advantage members. The payment would come from an issue of new equity to cover about 20 percent of the value, with the rest funded by additional cash and debt. In
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Even though liver transplants have been performed since 1963 and are a well-accepted treatment option for end-stage liver disease and acute liver failure, Cigna defended its actions by claiming that there was insufficient data to show that a transplant for a patient in Sarkisyan's condition would be
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In 2023, Cigna was criticized for allowing company doctors to reject claims even if they had not opened the patient file. The company was found to be using a system, "PXDX," that according to Propublica, "saved money in two ways. It allowed Cigna to begin turning down claims that it had once paid.
681:, coming under scrutiny as a result. There was a liver ready and waiting to be transplanted and doctors estimated she had a 65% chance of surviving at least six months. In response to much protest and public scrutiny, Cigna reversed its decision, though Ms. Sarkisyan died awaiting the transplant. 426:
announced that it would acquire Cigna for $ 47 billion in cash and stock. Anthem confirmed it had reached a deal to buy Cigna on July 24, 2015. On July 21, 2016, the US Justice Department filed an antitrust suit to block the proposed merger, and a District Court ruling on February 8, 2017, blocked
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And it made it cheaper to turn down claims, because the company’s doctors never had to open a file or conduct any in-depth review. They simply denied the claims in bulk with an electronic signature." The speed with which denials were placed was termed internally as "click and close."
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of seeking to poison the deal after he had failed to secure the top post in the resulting company. The fund claimed he had utilized lawyers and public relations specialists to set up a "Trojan Horse" campaign. The merger would have produced the largest U.S. health insurer in 2017.
396:, the first stock insurance company in America). The company name, Cigna, is a mix of letters from the merging companies, CG and INA. Insurance Company of North America was formed in 1792, while CG was created in 1865 by a special act of the 788:& 1to1 Customer Experience Excellence Award. The awards are given to the companies that "most clearly demonstrate exemplary customer relationship strategy and an unrivaled level of excellence in delivering the customer experience". 1665: 2978: 462:
On February 13, 2023, Cigna renamed its holding company The Cigna Group, its health benefits provider business unit Cigna Healthcare, and its Evernorth business unit Evernorth Health Services.
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burned for two days, destroyed 2,000 acres, and left 100,000 people in Illinois homeless. INA paid $ 650,000, one of only 51 insurance companies (out of a total of 202) to pay claims in full.
1673: 1612: 833:, an Indian business conglomerate focused on healthcare, formed a joint venture called Cigna TTK to develop a health insurance business in India subject to obtaining government approvals. 630:
own, in-house international claims platform, and offers a network of physicians and hospitals for its members (including 550,000 in the U.S. and more than 141,000 outside the U.S.).
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On February 9, 2005, Cigna elected to adopt in the fourth quarter of 2004 fair value accounting for its stock options in accordance with SFAS No. 123 and to restate prior periods.
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In June 2020, Cigna formed a strategic alliance with Priority Health to make comprehensive health care coverage more affordable and accessible to Michigan employers and customers.
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law. On April 16, 2009, the United States District Court for the Central District of California dismissed all of the claims against Cigna related to the coverage determination.
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by interested groups, e.g. health insurance companies, to push claims that are profitable for said company into media, e.g. dismissing universal health care.
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safe and effective. The California court agreed with Cigna's position that the Sarkisyans’ claims regarding Cigna's decision-making were preempted by federal
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to attain legislation that the company favors. This includes $ 720,000 spent in 2009 alone, when it had 20 lobbyists at five firms working on their behalf.
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Cigna was formed by the 1982 merger of the Connecticut General Life Insurance Company (CG) and INA Corporation (the parent corporation of
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In 2011, the California Nurses Association determined that Cigna denies roughly 39.6% of all claims (compared to competitors such as
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2013, Cigna operated in 30 countries, had approximately 35,800 employees and managed around US$ 53.734 billion in assets.
2954: 2527: 1748: 2597: 2375: 393: 228: 1838: 2888: 2093:"A Doctor at Cigna Said Her Bosses Pressured Her to Review Patients' Cases Too Quickly. Cigna Threatened to Fire Her" 1968: 2158:"CIGNA HealthCare Recognized for Providing an Outstanding Customer Service Experience For a Fourth Consecutive Year" 1054: 455:
had renewed their agreement to include Envision's clinicians as in-network providers for Cigna's members. In 2021,
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the merger on anticompetitive grounds. That month, Cigna Corp. called off its $ 48 billion merger agreement with
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in a $ 67 billion deal and on August 24, 2018, the shareholders of Cigna and Express Scripts approved the deal.
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How Cigna Saves Millions by Having Its Doctors Reject Claims Without Reading Them, Propublica, March 25, 2023,
1720:"CIGNA Reports Fourth Quarter and Full Year 2004 Results; Strong Earnings Growth Driven by Health Care Results" 1212: 2354: 1359: 2032:"DOJ brings lawsuit against Cigna for allegedly submitting $ 1.4 billion in false Medicare Advantage claims" 2908: 2753: 2442: 2183: 408: 822:
reported that Cigna and Humana were in talk to merge, in a deal totalling $ 60 billion. In December 2023,
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and board alleging that they had used "black-ops-style" tactics to "blow up" the potential merger with
1666:"The Cigna Group to Sell Medicare Businesses and CareAllies to Health Care Service Corporation (HCSC)" 2437: 352: 1801:"Los Angeles Local News, US & World, Business, Entertainment, Green News | NBC Los Angeles" 1566:"Cigna renews partnership with Envision Healthcare to give in-network access to its Florida members" 1385: 2788: 1114: 749: 539: 1637:"Cigna trims portfolio by selling Medicare business for $ 3.7 billion to Health Care Service Corp" 1159: 2552: 1365: 1335: 823: 723: 397: 363: 138: 76: 44: 2216: 2833: 2730: 2625: 1727: 569:
Cigna Global Health Benefits is a business unit within Cigna. The company is headquartered in
2132:"Gartner & 1to1 Media Announce Winners of the 2009 Customer Experience Excellence Awards" 2367: 756:
for $ 1.4B by submitting diagnostic codes for health conditions that patients did not have.
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named Cigna as one of the most hated companies in the U.S. Cigna's name returned on the
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for earnings manipulation. Its common stock price plummeted significantly as a result.
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videoblog about control of the Internet by corporations, documented the incident with
2803: 2783: 2512: 2467: 2057:"Cigna's CEO and Board Sued for 'Black-Ops-Style' Tactics to Kill Merger with Anthem" 2011: 795:
award for customer service for all of its call centers for the fourth time in a row.
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damage control: "Insurers defend rescissions, take heat for lack of transparency."
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In September 2020, Cigna rebranded its health services portfolio under the name
2818: 2715: 2690: 2645: 2487: 2349: 1946: 1089: 654: 548: 193: 59: 2660: 2284:"WSJ News Exclusive | Cigna Calls Off Humana Pursuit, Plans Big Stock Buyback" 2967: 2913: 2873: 2823: 2808: 2763: 2685: 2620: 2462: 2452: 768: 760: 658: 606: 154: 67: 2838: 2547: 2477: 707: 694: 574: 415: 355: 102: 1386:"Delaware judge denies Anthem injunction, effectively ending Cigna merger" 2883: 2793: 2705: 2403: 1752: 1695:"Flexible Products for a Global Workforce - Cigna Global Health Benefits" 1543:"Cigna launches Evernorth, in a rebrand of its health services portfolio" 618: 428: 423: 374: 48: 1918:"Esc and Ctrl: Jon Ronson investigates astroturfing - video episode two" 2720: 2710: 2680: 2605: 2562: 2502: 1992:
Stockdale, Samuel Stebbins, Evan Comen, Michael B. Sauter and Charles.
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list of the largest U.S. corporations by total revenue and in the 2023
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offering through employer clients for retirees. In November 2023,
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filed a lawsuit against Cigna alleging that the company defrauded
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acquired Cigna's Medicaid contracts in Texas for US$ 60 million.
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Pharmacy benefit management companies based in the United States
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Ronson, Jon; Greenwell, Lucy; Lamont, Remy (21 September 2011).
2863: 2665: 2482: 1492:"Cigna, Express Scripts Shareholders Approve $ 67 Billion Deal" 811: 610: 2630: 2610: 2432: 2427: 2397: 1590:"Molina buys up Cigna's Medicaid business in Texas for $ 60M" 1313:"Anthem, Aetna Sued by U.S. Seeking to Block Insurer Mergers" 911:. U.S. Securities and Exchange Commission. February 29, 2024. 802:
who denied about 5.9% of all claims in the same time frame).
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U.S. Senate Committee on Commerce, Science and Transportation
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On March 7, 2018, it was announced that Cigna would acquire
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Cigna sold the majority of its life insurance operations to
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Cigna, a Global Health Insurance and Health Service Company
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Wilde Mathews, Anna; Kendall, Brent (February 14, 2017),
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Cigna spent more than $ 4.4 million from 2005 to 2009 on
165: 2338: 1288:"Anthem to buy Cigna for $ 54B in mega insurance merger" 448:, which included Express Scripts, Accredo, and eviCore. 1994:"Bad reputation: America's Top 20 most-hated companies" 1410:
Brickley, Anna Wilde Mathews and Peg (31 August 2020).
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Antitrust Rulings Put Chill on Health-Insurance Mergers
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Vanessa Fuhrmans and Laura Meckler (January 7, 2008).
1412:"Anthem-Cigna Fight Over Failed Merger Ends in a Draw" 1051:"Global Expertise | Cigna Global Health Benefits" 1915: 840: 706:
and the former vice president of Cigna talking about
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Jason Sadler, President, Cigna Global Health Benefits
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On April 16, 2010, Cigna announced an alliance with
633: 2184:"California insurers deny 26 percent of all claims" 1279: 1223: 329: 1152: 1107: 2091:Armstrong, Patrick Rucker,David (29 April 2024). 1969:"The Most Hated Health Insurance Company of 2015" 1260:"Anthem Makes $ 47 Billion Offer for Rival Cigna" 536:174,078,000,000 United States dollar (2021)  451:In October 2020, it was announced that Cigna and 3009:Financial services companies established in 1982 3004:Financial services companies established in 1792 2965: 665:in favor of reform of the health care industry. 641: 3019:Companies listed on the New York Stock Exchange 2989:Companies based in Hartford County, Connecticut 2974:Health insurance companies of the United States 653:In 2008, the head of Cigna's public relations, 472: 1177: 2383: 1285: 1258:Cane, Jeffrey; Abelson, Reed (20 June 2015). 673:In December 2007, Cigna refused to pay for a 465:In January 2024, the company agreed with the 2265:"Cigna, Humana merger talks put on ice: WSJ" 2116:: CS1 maint: multiple names: authors list ( 2016:: CS1 maint: multiple names: authors list ( 1467:"Cigna to buy Express Scripts in $ 67B deal" 722:In 2002, it was alleged in violation of the 1257: 528:Medical, Dental, Disability, Life Insurance 2984:Health care companies based in Connecticut 2950: 2390: 2376: 2308:"Cigna & TTK form health insurance JV" 538: 34: 25: 2090: 1516: 889:List of United States insurance companies 759:In November 2020, investors sued Cigna's 2262: 1464: 1409: 767:in 2017. One pension fund accused Cigna 669:Nataline Sarkisyan liver transplant case 624: 1563: 950:"Contact Us – Customer Service – Cigna" 921: 3024:American companies established in 1792 3014:American companies established in 1982 2966: 2879:General Insurance Corporation of India 2726:Varma Mutual Pension Insurance Company 2588:Western & Southern Financial Group 805: 717: 2371: 1991: 414:In October 2011, Cigna agreed to buy 384:ranking the company took 68th place. 16:American health services organization 2543:Ohio National Life Insurance Company 2054: 1564:Hackett, Mallory (22 October 2020). 1517:Affholter, Danielle (23 June 2020). 973: 791:In January 2010, Cigna received the 731:American Consumer Satisfaction Index 2955:List of largest insurance companies 2528:Nationwide Mutual Insurance Company 2345:Business data for The Cigna Group: 2237: 2134:. 15 September 2009. Archived from 1853: 1837:. December 21, 2007. Archived from 992: 373:The company ranked #15 in the 2023 13: 2999:1792 establishments in Connecticut 2281: 2240:"Cigna-Humana merger rumors swirl" 1862:"A Medical Case Becomes Political" 1610: 826:reported that merger talks ended. 661:who gave testimony in 2009 to the 422:In June 2015, U.S. health insurer 394:Insurance Company of North America 14: 3035: 2889:Instituto de Resseguros do Brasil 2330: 1465:Minemyer, Paige (March 8, 2018). 922:Emerson, Jakob (3 January 2023). 634:Accounting and investor relations 2949: 2263:Minemyer, Paige (Dec 11, 2023). 909:"2023 Annual Report (Form 10-K)" 874: 862: 850: 784:Cigna received gold in the 2009 288: 287: 270: 269: 252: 251: 235: 234: 212: 211: 2759:China Pacific Insurance Company 2533:New York Life Insurance Company 2300: 2275: 2256: 2231: 2201: 2176: 2150: 2124: 2084: 2073: 2048: 2024: 1985: 1961: 1935: 1884: 1823: 1793: 1759: 1741: 1712: 1687: 1658: 1629: 1604: 1592:. healthcarefinancenews.com.com 1582: 1557: 1545:. healthcarefinancenews.com.com 1535: 1510: 1484: 1458: 1442:. 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Sales offices are located in 467:Health Care Service Corporation 340:Footnotes / references 1286:Bomey, Nathan (24 July 2015). 1082: 1068: 1014: 967: 942: 915: 901: 779: 677:of a California teenage girl, 41:Cigna's corporate headquarters 1: 894: 814:group to offer a streamlined 642:Public relations and lobbying 302: 2909:Reinsurance Group of America 2754:China Life Insurance Company 2443:American International Group 2055:says, Big Bob (2020-11-24). 829:In November 2011, Cigna and 478:Cigna Global Health Benefits 473:Cigna Global Health Benefits 409:Lincoln National Corporation 7: 836: 710:, the practice of creating 122:; 42 years ago 10: 3040: 2779:Life Insurance Corporation 2238:Fox, Andrea (2023-11-30). 387: 2937: 2851: 2789:MS&AD Insurance Group 2739: 2596: 2438:American Family Insurance 2418: 2411: 737:most hated list in 2018. 557: 547: 532: 524: 514: 506: 498: 490: 482: 338: 324: 312: 296: 279: 260: 243: 226: 207: 175: 145: 134: 116: 95: 65: 55: 33: 24: 1896:Atlantainsurancetips.com 510:Wilmington, Delaware, US 292:US$ 46.22 billion (2023) 274:US$ 152.8 billion (2023) 256:US$ 5.372 billion (2023) 239:US$ 8.536 billion (2023) 2994:Bloomfield, Connecticut 2945:ranking by Total Assets 2553:Progressive Corporation 2036:Healthcare Finance News 1866:The Wall Street Journal 1570:Healthcare Finance News 1366:The Wall Street Journal 1336:The Wall Street Journal 824:The Wall Street Journal 724:Securities Exchange Act 657:, resigned, becoming a 400:. In October 1871, the 398:Governor of Connecticut 364:Bloomfield, Connecticut 139:Bloomfield, Connecticut 2834:Taikang Life Insurance 2731:Zurich Insurance Group 2626:Assicurazioni Generali 1022:"The Global 2000 2023" 1699:Cignaglobalhealth.com 1641:Associated Press News 930:. Becker's Healthcare 928:Becker's Payer Issues 742:Department of Justice 625:Products and services 562:cignaglobalhealth.com 2774:Kyobo Life Insurance 2558:Prudential Financial 2312:Financialexpress.com 2219:on February 23, 2012 2138:on 15 September 2009 1868:: A1. Archived from 740:In August 2020, the 571:Wilmington, Delaware 2701:RSA Insurance Group 2538:Northwestern Mutual 2523:National Life Group 1943:"Cigna Corporation" 1775:Bill Moyers Journal 1416:Wall Street Journal 1219:. October 24, 2011. 806:Strategic alliances 718:Other controversies 579:Visalia, California 479: 453:Envision Healthcare 298:Number of employees 21: 2894:Korean Reinsurance 2859:Arch Capital Group 2769:Great Eastern Life 2696:Royal London Group 2573:UnitedHealth Group 2568:Sun Life Financial 2493:Markel Corporation 2448:Berkshire Hathaway 2314:. 22 November 2011 2244:Healthcare IT News 2213:Newsroom.Cigna.com 1872:on January 8, 2008 1811:on January 7, 2009 1724:Newsroom.cigna.com 1339:. February 9, 2017 1265:The New York Times 1145:The New York Times 1090:"Cigna Milestones" 1078:. 17 January 2010. 816:Medicare Advantage 746:Medicare Advantage 704:Nataline Sarkisyan 679:Nataline Sarkisyan 477: 402:great Chicago Fire 382:Forbes Global 2000 356:managed healthcare 103:Managed healthcare 19: 2961: 2960: 2947: 2899:Lloyd's of London 2847: 2846: 2804:Ping An Insurance 2784:Meiji Yasuda Life 2513:Mutual of America 2468:CUNA Mutual Group 2269:Fierce Healthcare 2061:Insurance Journal 1498:. August 26, 2018 769:CEO David Cordani 692:The UK newspaper 567: 566: 553:Cigna Corporation 494:Employee Benefits 457:Molina Healthcare 362:company based in 346: 345: 3031: 2953: 2952: 2939: 2829:T&D Holdings 2799:Income Insurance 2416: 2415: 2392: 2385: 2378: 2369: 2368: 2342: 2341: 2339:Official website 2324: 2323: 2321: 2319: 2304: 2298: 2297: 2295: 2294: 2282:Thomas, Lauren. 2279: 2273: 2272: 2260: 2254: 2253: 2251: 2250: 2235: 2229: 2228: 2226: 2224: 2215:. Archived from 2205: 2199: 2198: 2196: 2194: 2180: 2174: 2173: 2171: 2169: 2162:Businesswire.com 2154: 2148: 2147: 2145: 2143: 2128: 2122: 2121: 2115: 2107: 2105: 2103: 2088: 2082: 2077: 2071: 2070: 2068: 2067: 2052: 2046: 2045: 2043: 2042: 2028: 2022: 2021: 2015: 2007: 2005: 2004: 1989: 1983: 1982: 1980: 1979: 1973:The Fiscal Times 1965: 1959: 1958: 1956: 1954: 1945:. 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Archived from 1018: 1012: 1011: 1009: 1007: 996: 990: 989: 987: 985: 971: 965: 964: 962: 960: 946: 940: 939: 937: 935: 919: 913: 912: 905: 879: 878: 877: 867: 866: 865: 855: 854: 853: 846: 675:liver transplant 543: 542: 480: 476: 334: 331: 307: 304: 291: 290: 284: 275: 273: 272: 265: 255: 254: 238: 237: 229:Operating income 221: 215: 214: 189:Health insurance 159:chairman and CEO 130: 128: 123: 38: 29: 22: 18: 3039: 3038: 3034: 3033: 3032: 3030: 3029: 3028: 2964: 2963: 2962: 2957: 2948: 2933: 2843: 2735: 2671:Mutua Madrileña 2592: 2518:Mutual of Omaha 2407: 2396: 2364: 2337: 2336: 2333: 2328: 2327: 2317: 2315: 2306: 2305: 2301: 2292: 2290: 2280: 2276: 2261: 2257: 2248: 2246: 2236: 2232: 2222: 2220: 2207: 2206: 2202: 2192: 2190: 2182: 2181: 2177: 2167: 2165: 2164:(Press release) 2156: 2155: 2151: 2141: 2139: 2130: 2129: 2125: 2109: 2108: 2101: 2099: 2089: 2085: 2078: 2074: 2065: 2063: 2053: 2049: 2040: 2038: 2030: 2029: 2025: 2009: 2008: 2002: 2000: 1990: 1986: 1977: 1975: 1967: 1966: 1962: 1952: 1950: 1941: 1940: 1936: 1926: 1924: 1922:Theguardian.com 1914: 1910: 1900: 1898: 1890: 1889: 1885: 1875: 1873: 1858: 1854: 1844: 1842: 1841:on May 26, 2008 1829: 1828: 1824: 1814: 1812: 1799: 1798: 1794: 1780: 1778: 1777:. 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Index



Cigna's corporate headquarters
Bloomfield
Connecticut
Public
Traded as
NYSE
CI
S&P 500
Managed healthcare
Insurance
Bloomfield, Connecticut
David Cordani
chairman and CEO
CFO
Healthcare
Health insurance
Life insurance
PBM
US$
Operating income
Net income
Total assets
Total equity
Subsidiaries
Express Scripts
cigna.com
multinational
managed healthcare

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