“We knew those early years on the exchange would be volatile. We expected a plan where we would lose money these past few years, and by golly, we’ve delivered on that plan,” said Cigna CFO Tom McCarthy at the Leerink Partners conference Feb. 11, according to the report.
“We expect to lose money again in 2016,” he added. “That, to me, does not undermine the long-term attractiveness of the market. I do expect that over time, the market will evolve to be attractive for the industry generally, and for Cigna in particular.”
Cigna has approximately 204,000 individual customers across the U.S.
More articles on payer issues:
Humana’s Q4 earnings on track with predictions
NC Medicaid program likely under budget by $181M
Ky. insurance commissioner grants Humana-Aetna approval without public hearing
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
