Cigna Explores Selling Medicare Advantage Business, Humana Forecast Disappoints, Biden Admin Proposes Changes to Surprise Billing Resolution, UHS Beats Wall Street Expectations

Cigna is considering selling its Medicare Advantage business as the U.S. government tightens reimbursement for health insurers. Humana shares fell after announcing a lower forecast for 2024 profit growth. The Biden administration is proposing changes to the surprise billing resolution process. UHS, a for-profit hospital operator, reported better-than-expected results for the third quarter.