Cigna's CFO, speaking at a Goldman Sachs conference, mentions elevated cost trends in line with expectations for 2024. The company anticipates continued high inpatient activity throughout the year. Additionally, a disruption in outpatient claims due to a healthcare hack affected the first quarter. Another executive from Elevance Health states that the company is profitable in Medicare and expects earnings growth this year.
ELEVANCE HEALTH EXEC SAYS COMPANY IS MAKING MONEY TO BE CLEAR, IT IS NOT LOSING MONEY IN MEDICARE - GOLDMAN SACHS CONF
ELEVANCE HEALTH EXEC SAYS MEDICARE EARNINGS ARE GROWING THIS YEAR - GOLDMAN SACHS CONF
$CI | Cigna CFO Says Co Expects That It Will Continue To See Elevated Inpatient Activity Throughout The Entire 2024 Calendar Year - Goldman Sachs Conf - "Outpatient Dynamic" Was Impacted By Change Healthcare Hack's Disruption Of Claims In Q1
⚠️ CIGNA CFO SAYS "OUTPATIENT DYNAMIC" WAS IMPACTED BY CHANGE HEALTHCARE HACK'S DISRUPTION OF CLAIMS IN THE FIRST QUARTER - GOLDMAN SACHS CONF
$CI | Cigna CFO Says We Are Seeing Elevated Cost Trends Across The Portfolio But In Line With What We Had Priced And Expected - Goldman Sachs Conf