Reported 13 days ago
Cigna Group has confirmed that it will not pursue a merger with rival insurer Humana Inc. despite previous discussions about a potential deal. The company stated its commitment to strategic acquisitions and highlighted its focus on share buybacks, having repurchased $6 billion in stock this year. Cigna's decision comes amid speculation related to the Medicare market and concerns over potential legal challenges if a merger were to occur.
Source: YAHOO