Cigna and Humana Exploring Merger
Carrier Updates
Thursday, November 30 2023
(November 29, 2023) A health insurance megamerger is reportedly brewing. The Wall Street Journal, citing people familiar with the matter, reported on Wednesday that payer giants Cigna and Humana are exploring a combination that could shake up the power dynamics of the industry. The two insurers are discussing an all-cash deal that would be finalized by the end of 2023, according to the report.
Cigna carries an $83 billion market value and Humana's market value is $62 billion, allowing a combined entity to rival the largest players in this space: UnitedHealth Group and CVS Health, WSJ reported.
It would also give Cigna, and its massive pharmacy benefit manager Express Scripts, a much larger foothold in the hot Medicare Advantage market. The two insurers did discuss the potential to merge in 2015, though a deal did not come together, according to the report.
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Cigna carries an $83 billion market value and Humana's market value is $62 billion, allowing a combined entity to rival the largest players in this space: UnitedHealth Group and CVS Health, WSJ reported.
It would also give Cigna, and its massive pharmacy benefit manager Express Scripts, a much larger foothold in the hot Medicare Advantage market. The two insurers did discuss the potential to merge in 2015, though a deal did not come together, according to the report.
Click Here To Read More