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Cigna Expands Health Care Exchange Offerings to New Markets

Zacks Equity Research

Cigna Corporation CI has extended its health care exchange offerings to new locations for 2020. The plans will be accessible in 19 markets across 10 states, including Kansas, South Florida and Utah.

The new initiative will encourage better health outcomes of individuals by providing quality medical care as well as reducing overall expenses. Cigna’s patients will now be able to get preventive care services as well as enjoy online help from doctors via its advanced telehealth service. With the company’s Patient Assurance Program, eligible patients will receive their preferred branded insulin for 30 days in $25 or less, starting from 2020.

Moreover, the company will offer gym memberships, nutrition support and loyalty plan in certain markets, etc. to motivate customers to take better care of their health. Additional around-the-clock support as well as access to health and wellness resources via Cigna.com, and the myCigna application would aid customers. Patients with complicated health issues will be given personalized support through the My Personal Champion program.

Customers in Phoenix will be able to use Cigna Medical Group that comprises more than 140 primary care and specialty doctors at 20 regions; hearing and vision centers, and additional specialty services; urgent care centers; and onsite drug stores.

The move is in line with the company’s commitment to provide quality healthcare to customers. Cigna has been constantly putting in effort to increase its membership as well as quality of care over the past few quarters. We expect the company to witness rise in membership going forward, given its diversified product portfolio, a wide agent network and superior service.

Shares of this Zacks Rank #3 (Hold) company have lost 20.3% in a year, wider than its industry's decline of 3.7%.

 


 

Stocks to Consider

Investors interested in the same space can also take a look at some better-ranked stocks like Molina Healthcare, Inc. MOH, CVS Health Corporation CVS and Humana Inc. HUM.

Molina offers Medicaid-related solutions to meet the healthcare needs of low-income families and individuals. In the trailing four quarters, the company’s average beat was 66.9%. The company currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

CVS Health provides health services in the United States. In the preceding four quarters, the company delivered average beat of 5.9%. The company currently carries a Zacks Rank of 2 (Buy).

Humana works as a health and well-being company in the United States. The company pulled off average positive surprise of 7.79% in the last four quarters. Presently, it is also a Zacks #2 Ranked player.

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Cigna Corporation (CI) : Free Stock Analysis Report
 
Molina Healthcare, Inc (MOH) : Free Stock Analysis Report
 
Humana Inc. (HUM) : Free Stock Analysis Report
 
CVS Health Corporation (CVS) : Free Stock Analysis Report
 
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