Cigna to exit Affordable Care Act market, adding to tumult [View all]

Source: Wall Street Journal (no paywall)

Cigna Group will exit the Affordable Care Act market next year, the latest sign of turmoil in a business that has been hit hard by the loss of federal subsidies.

Cigna will be the second major health insurer to leave the rapidly shrinking ACA market, after CVS Health’s Aetna stopped offering plans at the start of this year.

ACA policyholders are dropping their coverage ( https://www.wsj.com/health/healthcare/millions-of-americans-are-going-uninsured-following-expiration-of-aca-subsidies-0051240d ) because of spiking monthly bills, after the January phaseout of higher federal subsidies that started during the pandemic. Insurers and actuaries are projecting that overall ACA enrollment could fall by as much as a quarter this year.

Last year, there were around 24 million people enrolled in ACA plans. Sign-ups fell to 23 million for 2026, and attrition since then has been steep, as people failed to make premium payments during an initial grace period that expired at the end of March.

Read more: https://www.msn.com/en-us/health/other/cigna-to-exit-affordable-care-act-market-adding-to-tumult/ar-AA2261Hy