Welcome to our dedicated page for Cigna Group news (Ticker: CI), a resource for investors and traders seeking the latest updates and insights on Cigna Group stock.
The Cigna Group reports company news across its global health business, including Cigna Healthcare, Evernorth Health Services, pharmacy benefit services, specialty pharmacy, specialty distribution and care services. Updates commonly cover quarterly results, financial outlook, pharmacy and health-benefit operations, prior authorization initiatives, credit ratings, dividends and investor conference activity.
Company announcements also address governance and board matters, leadership succession planning, enterprise risk management, foundation and community health programs, and changes tied to its health services portfolio. Its business model combines health insurance and benefits with pharmacy claims administration, formulary management, retail pharmacy network administration, home delivery pharmacy and clinical programs for clients and customers.
Cigna (NYSE:CI) has appointed Keith Barnes as market president for its commercial health care plans in North Texas and Oklahoma. His role is to drive market growth by enhancing customer value, improving health care affordability, and ensuring that local strategies meet client needs. With over 33 years of experience in health care leadership, including previous roles at HCSC and Aetna, Barnes aims to leverage his extensive relationships to boost sales and growth in the region. He will operate from Cigna's regional headquarters in Plano.
Cigna Corporation has announced the launch of its Medicare Advantage (MA) PPO plan in 66 counties across Tennessee, featuring $0 premiums and various benefits aimed at enhancing customer care. Key features include telehealth services, home delivery of prescriptions, and flexible provider options. The plan targets improving access to healthcare during challenging times. Cigna's MA HMO plans in Tennessee have a 4.5-star rating for quality. The Annual Enrollment Period (AEP) for Medicare begins on October 15, allowing individuals to choose their plans for 2021.
Cigna's International Markets business released the COVID-19 Global Impact Study, highlighting increased global financial anxiety due to the pandemic's long-term effects. Only 27% of respondents feel secure in meeting housing payments, with a notable 10% decline in confidence in the U.S. over three months. Nearly half (49%) worry about economic repercussions on their finances, with stress indicators showing 83% of people feeling stressed. The study suggests that strong familial support is crucial for resilience amid ongoing lockdown challenges.
Leon Medical Centers Health Plans, a Cigna company, has been awarded Five out of Five Stars from the Centers for Medicare & Medicaid Services for 2021. This marks the fourth consecutive time the plan has received this top rating, highlighting its commitment to quality healthcare. The CMS ratings are crucial for Medicare beneficiaries, guiding their choices for Medicare Advantage plans. Ryan Berger, president of Leon Medical Centers, emphasized the team's dedication to improving member health. For more information, beneficiaries in Miami-Dade County can enroll or switch plans anytime during the year.
Cigna Corporation is expanding its Medicare Advantage (MA) plans to enhance accessibility and affordability for customers starting from the 2021 Medicare Annual Election Period, beginning October 15. The new offerings include a $0 premium plan in every market and telehealth services for behavioral health and physical therapy. Cigna's footprint will grow by 22%, reaching 369 counties in 23 states, and introducing plans in five new states. Cigna aims to improve health outcomes by increasing its physician network and offering additional benefits addressing social determinants of health.
The Cigna Resilience Index, released on Sept. 29, 2020, reveals that 60% of Americans are at risk of low resilience. Conducted with over 5,000 parents and children aged 5-17 and 1,500 young adults, the study highlights a significant decline in resilience, especially in individuals aged 11-23. Only 37% of full-time workers exhibit high resilience, with many lacking workplace discussions about mental health impacts from COVID-19. Low resilience is correlated with poorer job performance and mental health issues. Cigna is launching GROW FORTH, a resource aimed at enhancing resilience.
Cigna Corporation has launched Evernorth, a new brand for its health services portfolio, aimed at delivering innovative solutions to health plans, employers, and government organizations. Tim Wentworth will lead Evernorth, which integrates Cigna's health services and partnerships to improve the healthcare experience. The brand emphasizes a data-driven approach and aims to address rising costs and fragmented care. Evernorth offers solutions like Healthy Ways to Work and FamilyPath to meet emerging healthcare needs, including those related to the COVID-19 pandemic.
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Cigna has appointed John Webb as the new market president for its health care plans in West Tennessee, Arkansas, and Mississippi. His role includes overseeing employer clients with over 500 plan employees and ensuring Cigna's offerings meet client needs for affordable health care. Webb, with over 30 years of health care experience, previously served as CEO of Quantum Reach and held roles at Aetna and Unum. He will relocate to Memphis this fall to lead efforts aimed at improving community health and customer satisfaction in the region.
Cigna Corp, on September 9, 2020, announced an expansion of its health coverage options through the ACA marketplace, increasing customer access in 80 new counties for 2021, representing a 27% growth. The enhancements include $0 virtual care, a new diabetes care plan, and holistic services. Key features such as a real-time benefits check program aim to improve financial predictability for customers. Open Enrollment for 2021 starts on November 1 and ends on December 15, with coverage effective January 1, 2021.