For Cigna, this divestiture allows them to exit a turbulent Medicare market where they were a smaller player and focus on their core employer-sponsored coverage and Evernorth Health Services, which will continue to provide pharmacy benefits.
Meanwhile, HCSC significantly expands its footprint in the Medicare market, quadrupling its Medicare Advantage membership and broadening its national reach, which aligns with their mission to increase access to quality healthcare for older Americans.
Herman, B. (2024, January 31). Cigna to sell Medicare Advantage plans to Blue Cross Blue Shield insurer for $3.3 billion. STAT. https://www.statnews.com/2024/01/31/medicare-advantage-health-care-service-corp-cigna/
Japsen, B. (2025, March 19). Cigna closes $3 billion Medicare business sale to big Blue Cross Plan. Forbes. https://www.forbes.com/sites/brucejapsen/2025/03/19/cigna-closes-3-billion-medicare-business-sale-to-big-blue-cross-plan/
HCSC completes the acquisition of the Cigna Group’s Medicare and CareAllies businesses. (n.d.). Health Care Service Corporation. https://www.hcsc.com/newsroom/news-releases/2025/completes-cigna-medicare-acquisition
Pifer, R. (2025, March 20). Cigna closes $3.7B sale of Medicare business to HCSC. Healthcare Dive. https://www.healthcaredive.com/news/cigna-hcsc-close-medicare-sale/743040/
Cigna closes $3.3B sale of Medicare plans to HCSC. (2025, March 19). Fierce Healthcare. https://www.fiercehealthcare.com/payers/cigna-closes-33b-sale-medicare-plans-hcsc
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