U.S. health insurer Cigna Corp, which is being bought by larger rival Anthem Inc, reported a better-than-expected quarterly profit as more customers signed up for its Medicare Advantage business, boosting premiums. (Reuters)
For full-year 2016, the company now expects earnings of $8.95 to $9.35, up from its previous forecast for earnings of $8.85 to $9.25 a share.(MarketWatch)
The merger, which will most likely culminate in the second half of 2016, would help Cigna (currently holding fourth rank) to leapfrog to the number one rank, in terms of membership in the U.S. health insurance industry, leaving behind UnitedHealth Group Inc., which currently holds the top position.(Zacks)
The biggest companies are seeking more cost efficiency and scale as the health-care landscape changes because of the Affordable Care Act and other factors. (Wall Street Journal)
What is Medicare Advantage?