Cigna Explores Selling Medicare Advantage Business, Biden Admin Proposes Changes to Medical Billing Process, Medicare Reforms in 2023 and Beyond

Cigna is considering selling its Medicare Advantage business as the U.S. government tightens reimbursement for health insurers. The potential divestment could fetch several billions of dollars. The Biden administration is proposing changes to the surprise medical billing resolution process to address criticism of the current process. Medicare reforms in 2023 and beyond aim to improve accessibility and affordability for beneficiaries, with increased premiums and other costs in 2024.