Cigna profits $307 million in 3rd Quarter

Associated Press:

Cigna Corp. provides health insurance to thousands of Oregonians through its subsidiary Great West Insurance, which it purchased a few years ago. They also rent Providence and other provider networks to provide health insurance to national and international corporations' employees and provide third-party administration for self-funded plans.

The Philadelphia insurer earned $307 million, or $1.13 per share, in the three months that ended Sept. 30...

Cigna also saw a $21 million benefit in the quarter because enrollees used the health care system less than expected, something other major health insurers also have reported. Cigna is the fourth-largest commercial health insurer based on enrollment.

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