The health insurance industry has received a lot of backlash over its managed care practices that bog down providers with pre-authorizations and rampant medical claim denials. The rise in medical benefits ratios (MBRs) driven by Medicare Advantage plans have squeezed margins for major health insurance providers like Humana Inc. (NYSE: HUM), UnitedHealth Group Inc. (NYSE: UNH), and CVS Health Co. (NYSE: CVS). However, one major insurer saw the writing on the wall early on and divested its Medicare Advantage business to protect its margins.
The Cigna Group Inc. (NYSE: CI) is at the top of the health insurer food chain. The company has demonstrated its foresight and agility to quickly navigate the changing landscape of the healthcare industry within the medical sector.
