Cigna misses quarterly profit estimates on higher medical costs
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10 Articles
Cigna misses quarterly profit estimates on higher medical costs
(Reuters) -Cigna forecast annual profit below Wall Street expectations on Thursday and missed estimates for the fourth quarter, hurt by higher medical costs for a type of employer-sponsored healthcare plan. Shares of the company fell 6% to $284.99 before the bell. The plan, called “stop-loss insurance”, entails the insurer covering for employers’ self-funded plans when their costs surpass a certain threshold due to catastrophic or unexpected med…
Cigna misses quarterly profit estimates on higher medical costs - Regional Media News
(Reuters) – Cigna forecast annual profit below Wall Street expectations on Thursday and missed estimates for the fourth quarter, hurt by higher medical costs for a type of employer-sponsored healthcare plan. The plan, called “stop-loss insurance”, entails the insurer covering for employers’ self-funded plans when their costs surpass a certain threshold due to catastrophic or unexpected medical claims. The company forecast annual profit per share…
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