Cigna To Exit Obamacare In 2027 Amid Rising Costs Authored by Mary Prenon via The Epoch Times, The Cigna Group, one of the country’s largest health services and insurance firms, is joining others , including Aetna and UnitedHealthcare, in divesting its individual health exchange business. By the end of 2026, Cigna Group will no longer offer insurance through the Affordable Care Act (ACA), also kno...
Cigna To Exit Obamacare In 2027 Amid Rising Costs Authored by Mary Prenon via The Epoch Times, The Cigna Group, one of the country’s largest health services and insurance firms, is joining others , including Aetna and UnitedHealthcare, in divesting its individual health exchange business. By the end of 2026, Cigna Group will no longer offer insurance through the Affordable Care Act (ACA), also known as “Obamacare,” the company said during its April 30 earnings call. According to its first-quarter earnings report, as of March 31, the company’s individual exchange business had 369,000 members in individual and family plans. “We did not make this decision lightly, and appreciate the importance of ensuring patients have continuity through the transition,” Brian Evanko, Cigna Group’s president, chief operating officer, and incoming CEO, said during the earnings call. “Looking to the future, there’s no question that the status quo in healthcare is unsustainable. Costs continue to rise, as does demand for healthcare services, an untenable equation,” he said. “We will support members through their open enrollment transitions into 2027.” Cigna’s decision comes after other health insurance companies, such as CVS Health and UnitedHealthcare, divested insurance business under the ACA. In its first-quarter 2025 earnings report, released on Feb. 10, CVS Health announced that it was exiting its individual exchange business, where its health insurance arm, Aetna, independently operates ACA plans, beginning in 2026. Years earlier, UnitedHealthcare said in a filing to the Securities and Exchange Commission in December 2016 that its Employer and Individual program would participate in individual public exchanges in only three states in 2017, a sharp reduction from 34 states in 2016. At the beginning of this year, the Alliance of Safety-net Hospitals predicted that expiring tax credits for buying health insurance under ACA exchanges could affect nearly 4.8 million people in 2026, as th...