Cigna Raises Annual Profit Forecast Due to Improved Cost Control
Cigna raised its annual adjusted profit forecast after exceeding first-quarter earnings estimates, driven by lower-than-expected medical expenses. The company has shifted focus away from Medicare Advantage and Obamacare plans, relying more on pharmacy benefits and employer-sponsored healthcare. The move is expected to impact margins over the next two years.
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Topics: Cigna Earnings Report Healthcare Industry Medical Expenses Pharmacy Benefits Profit Forecast