Friday, August 04, 2017

Cigna CEO: Obamacare marketplace remains 'challenging' for 2017, 2018

CNBC reports:
Will Cigna participate in the Obamacare health exchanges next year? It depends.

CEO David Cordani told CNBC's "Squawk on the Street" Friday that the company is waiting for a final verdict from the Trump administration about whether it will continue to make cost-sharing, reduction subsidy payments.

"We will make a decision based on that," Cordani said.

These crucial payments compensate insurers for offering low- and moderate-income Obamacare customers reduced charges for out-of-pocket health costs, such as co-payments and deductibles. Millions of people who buy their health coverage on and other government-run insurance marketplaces qualify for the subsidies.
The rent-seeker ponders his options as his stock makes a new high!