Cigna Explores Selling Medicare Advantage Business, Amwell Reports Strong Results, Humana Shares Fall, Biden Administration Proposes Changes to Surprise Medical Billing Resolution Process

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 announcing a lower-than-expected forecast for 2024 profit growth. The Biden administration proposes changes to the surprise medical billing resolution process to make it more efficient and improve early communication between insurers and providers.