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The incentive is probably to get their profit margin up to the maximum 15-20% https://www.propublica.org/article/cigna-pxdx-medical-health-insurance-rejection-c
by ADuckOnQuack 3y ago
The incentive is probably to get their profit margin up to the maximum 15-20% https://www.propublica.org/article/cigna-pxdx-medical-health-insurance-rejection-claims https://www.propublica.org/article/cigna-pxdx-medical-health...
- deleted 3y ago[deleted]
- lotsofpulp 3y agoFor sure, and that is where the government should be handing out heavy penalties. There supposedly is an appeals process, but obviously not enough auditing is being done: https://www.healthcare.gov/appeal-insurance-company-decision/external-review/ https://www.healthcare.gov/appeal-insurance-company-decision... Although, even with those fraudulent denials, Cigna's profit margins are suffering: https://www.macrotrends.net/stocks/charts/CI/cigna-group/net-profit-margin https://www.macrotrends.net/stocks/charts/CI/cigna-group/net... Wonder if they went into too much debt to buy Express Scripts.