Cigna Explores Selling Medicare Advantage Business, Amwell Reports Strong Results, Humana Shares Fall, Biden Administration Overhauls Surprise Billing

Cigna is considering selling its Medicare Advantage business as the U.S. government tightens reimbursement for health insurers. Amwell reports strong third-quarter results, including securing a contract with the Defense Health Agency worth up to $180 million. Humana shares fall after forecasting disappointing profit growth in 2024. The Biden administration proposes changes to the surprise medical billing resolution process to improve efficiency and reduce disputes.