Cigna Explores Selling Medicare Advantage Business, Biden Administration Proposes Changes to Billing Process, and More

Cigna is considering selling its Medicare Advantage business as the U.S. government tightens reimbursement for health insurers. The Biden administration proposes changes to the surprise medical billing resolution process to improve efficiency and reduce disputes. Medicare reforms in 2023 and beyond aim to improve accessibility and affordability for beneficiaries. Medicare beneficiaries will face increased premiums and other costs in 2024. Aetna received an estimated $25.5 million in Medicare Advantage overpayments for 2015 and 2016, according to an audit.