Cigna Tops Estimates, Will Exit Obamacare Market After 2026.

The article focuses on Cigna Group's decision to exit the Affordable Care Act (ACA) marketplaces by the end of the year, impacting customers amid rising premiums. Cigna, with fewer than 400,000 ACA plan customers out of 18 million total, cited the small and shrinking size of this business segment as a reason for withdrawal. The company also reported first-quarter profits exceeding Wall Street estimates, driven by favorable medical plan costs and growth in its Evernorth health services segment, despite a 28% decline in adjusted pretax income from its pharmacy benefits division amid a major business model overhaul. Additionally, Cigna plans to evaluate strategic options for its EviCore business, which manages prior authorizations, and will see a leadership change as Chief Operating Officer Brian Evanko succeeds CEO David Cordani in July. [Extracted from the article]