The industry has been contending with elevated medical costs since late last year, as older adults catch up on delayed procedures, and lower-than-expected...
- Cigna reported a second-quarter profit on Thursday that beat Wall Street estimates, helped by lower-than-expected medical costs and strength in its pharmacy benefit management unit.
Compared to UnitedHealth and Humana, Cigna has a much smaller presence in the Medicare Advantage market and is in the process of selling its MA business to Health Care Service Corp.While the company saw its medical care ratio - the percentage of premiums spent on medical care - rise to 82.3% from 81.2% a year earlier, it was lower than analysts expectations of 82.43%, according to LSEG estimates.
The company reported an adjusted profit of $6.72 per share, compared with analysts' average estimate of $6.41."Every requisition that they get is much more thoughtful in their approach, and if anything, it's taking a bit longer for them to hire individuals.
Cigna Medicare Advantage Pharmacy Benefit Management Second-Quarter Profit
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rogers Communications' Q2 profit up amid lower restructuring costs from Shaw mergerRogers Communications Inc. reported its second-quarter profit rose to $394 million from $109 million a year ago, in part due to lower restructuring and acquisition costs related to its purchase of Shaw Communications last year.
Read more »
Rogers profit up amid lower restructuring costs from Shaw mergerRogers says the profit amounted to 73 cents per diluted share for the quarter ended June 30, up from 20 cents per diluted share in the same quarter last year
Read more »
Rogers Communications' Q2 profit up amid lower restructuring costs from Shaw mergerTORONTO — Rogers Communications Inc. reported its second-quarter profit rose to $394 million from $109 million a year ago, in part due to lower restructuring...
Read more »
Rogers Communications' Q2 profit up amid lower restructuring costs from Shaw mergerTORONTO — Rogers Communications Inc. reported its second-quarter profit rose to $394 million from $109 million a year ago, in part due to lower restructuring and acquisition costs related to its purchase of Shaw Communications last year.
Read more »
Trump should expect hurdles in promise to lower energy costs'We will drill, baby, drill,' former President Donald Trump exclaimed at last week's Republican National Convention (RNC), promising to bring down inflation ...
Read more »
Canadian Pacific reports higher revenues, lower profits as costs riseCALGARY — Canadian Pacific Kansas City Ltd. is reporting a bump in revenues and shipment volumes in its second quarter, even as profits dropped amid higher...
Read more »