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(Reuters) - Health insurer Cigna Group said on Thursday it would remove the use of prior authorization or paperwork required to get approval for insurance coverage for 25% of medical services.
Prior authorization is a check run by some insurance companies or third-party payers in the United States before they will agree to cover certain prescribed medications or medical procedures. [ 1] There are a number of reasons that insurance providers require prior authorization, including age, medical necessity, the availability of a generic ...
Turning to Cigna Healthcare. Second-quarter 2024 revenues were $13.2 billion, and pre-tax adjusted earnings were $1.2 billion. Second-quarter earnings were in line with expectations and included ...
Express Scripts. Express Scripts Holding Company is a pharmacy benefit management (PBM) organization. In 2017 it was the 22nd-largest company in the United States by total revenue as well as the largest pharmacy benefit management (PBM) organization in the United States. [ 2] Express Scripts had 2016 revenues of $100.752 billion. [ 2]
The Cigna Group is an American multinational managed healthcare and insurance company based in Bloomfield, Connecticut. [2] [3] Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and services, the majority of which are offered through employers and other groups (e.g., governmental and non-governmental organizations ...
November 30, 2023 at 4:20 PM. WASHINGTON (Reuters) - U.S. health insurers Cigna and Humana are in talks to merge, a potential deal likely to face aggressive scrutiny from the U.S. Justice ...
The logo of Anthem Blue Cross Blue Shield. Elevance Health, Inc. is an American health insurance provider. Prior to June 2022, Elevance Health was named Anthem, Inc. [2] The company's services include medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans through affiliated companies such as Anthem Blue Cross and Blue Shield, Anthem Blue Cross in California ...
Shares of the company rose 6.3% after Cigna raised its 2024 profit forecast, just two days after agreeing to sell its Medicare business, which catered to adults aged 65 and above, to Health Care ...