WASHINGTON (Reuters) - The Obama administration stepped up pressure on health insurance companies on Thursday, calling on some of the top U.S. companies to be more public in explaining "jaw-dropping" rate increases to consumers. Health Secretary Kathleen Sebelius, following a White House ...
<div id="subtitle">Cigna CEO H. Edward Hanway takes 50 percent cut to pay package in 2008</div><div><p>Cigna Corp. Chief Executive H. Edward Hanway received 50 percent less compensation in 2008 on a plunge in his performance bonus as the health insurer's stock plummeted.</p>< ...
<div id="subtitle">Insurer Cigna to cut about 1,100 jobs, or 4 percent of its work force, in response to economy</div><div><p>Managed care provider Cigna Corp. said Monday the slumping economy has forced it to cut roughly 1,100 jobs, as it deals with employer customers ...
<div><p>Health insurer Cigna Corp. on Thursday posted a loss in the fourth quarter due to investment losses, but it forecast 2009 income would exceed estimates.</p><p>Philadelphia-based Cigna said it lost $209 million, or 77 cents per share, compared with earnings $263 million, or ...
<div id="subtitle">Insurer Cigna sees stock jump after 4th-quarter earnings reassure investors</div><div><p>Investors snapped up shares of Cigna Corp. Thursday after the managed care company reported fourth-quarter earnings that beat analyst expectations and offered a dose of reassurance.</p><p>Philadelphia-based Cigna said it ...
<div><p>The American Medical Association is joining several state associations in suing health insurers Aetna Inc. and Cigna Corp. over a database they say was rigged to underpay doctors on out-of-network claims for more than a decade.</p><p>But Cigna says the rates doctors charge ...
<div><p>Do you understand how health insurance has evolved to fund health care expenses? Do you know how the U.S. health care system works and how health claims are processed by health plans?</p><p>Of course you do. Agents and brokers who specialize in employee ...
<div id="subtitle">Family of California teen sues Cigna for initial refusal to let the girl get liver transplant</div><div><p>The family of a 17-year-old leukemia patient has sued health insurance giant Cigna Corp. for her death in 2007 after the company initially refused to pay ...
<div><p>Managed care provider Cigna Corp. will add 15 more states to its market for individual Medicare Advantage plans next year as part of a push to grow its senior business.</p><p>The Philadelphia-based insurer will introduce the plans in California, Florida, Illinois, Massachusetts and ...
<div id="subtitle">Cigna says market losses and unfavorable interest rates lead to 3Q profit drop of 53 percent</div><div><p>Cigna Corp. on Thursday said its third-quarter profit fell 53 percent due to equity market losses, and the insurer cut its 2008 outlook for operating income.</p>< ...
