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Cigna's Investment Loss and Resilience
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Cigna faces a $300 million loss in the first quarter attributed to the devaluation of its investment in VillageMD. Despite this, the company's core operations show resilience, marking a revenue increase of 23% to $57.3 billion. Plans to divest its Medicare Advantage business to Health Care Service Corp. by 2025 continue.
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How could the sale of the Medicare Advantage business influence Cigna's overall business focus and market positioning?
How might the devaluation of the VillageMD investment impact Cigna's future investment strategies?
What factors contributed to the strong revenue growth for Cigna amid the loss from the impaired equity securities?
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