View the latest business news about the world's top companies

No data to display.

Cigna to expand Obamacare to 3 new U.S. states

PUBLISHED ON 2021-08-26 19:26:00 EST Shubhangi


Cigna Corp said on Thursday it would start selling health insurance plans by the Affordable Care Act (ACA), or Obamacare, on online marketplaces in three new U.S. states and 93 new counties.

The company will sell individual and family plans in Georgia, Mississippi and Pennsylvania and counties in Arizona, Florida and Virginia using individual exchanges.

CVS Health Corp, in February, had said that it again start selling individual health insurance plans on online marketplaces considering stability in the market.

Aetna insurance unit of CVS Health and some other health insurers including UnitedHealth Group Inc had ceased using online exchanges in 2017 and 2018, as Republicans targeted the law by former U.S. President Barack Obama.

The U.S. Supreme Court, though, had rejected the bid of Republicans in June, thus not affecting the healthcare law.

Cigna said that it expects to reach about 1.5 million additional customers through the online marketplaces.

Customers will be given free virtual health screenings with doctors enrolled under the ACA through MDLive, Cigna’s telehealth provider.

Cigna manages insurance plans for big companies and sells health plans on government exchanges.

(With inputs from Reuters)

Picture Credits: Reuters

Stock View