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Company Directory - Cigna

Company Details - Cigna

Cigna Logo

Cigna

Website

Bloomfield, United States

NYSE: CI 

Cigna is a global health services company that provides a range of insurance products, including health, dental, disability, life, and accident insurance, as well as wellness programs. The company aims to improve the health and well-being of its customers through integrated healthcare services.

CCI Score

CCI Score: Cigna

-44.66

-3.62%

Latest Event

Cigna’s Affiliated PBM Implicated in Life-Saving Drug Price Inflation

An NBC News report highlights that PBMs, including Cigna’s Express Scripts, have been implicated in dramatically inflating drug prices. The report details how a sudden increase in the cost of a critical asthma inhaler—from $70 to over $500—left a patient unable to afford his medication, which ultimately contributed to his death. This case underscores a broader issue within the healthcare insurance system, where profit-driven decisions compromise patient care.

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TOADIE

Cigna is currently rated as a Toadie.

-30 to -44 CCI Score
Companies scoring in this range actively seek to please authoritarian regimes. They offer proactive support and assistance in exchange for preferential treatment, compromising ethical standards for business gains and political favor.

Latest Events

  • Cigna’s Affiliated PBM Implicated in Life-Saving Drug Price Inflation Logo
    JUN
    02
    2025

    An NBC News report highlights that PBMs, including Cigna’s Express Scripts, have been implicated in dramatically inflating drug prices. The report details how a sudden increase in the cost of a critical asthma inhaler—from $70 to over $500—left a patient unable to afford his medication, which ultimately contributed to his death. This case underscores a broader issue within the healthcare insurance system, where profit-driven decisions compromise patient care.

  • Cigna-Owned Express Scripts Sues to Block PBM Restrictive Law Logo
    MAY
    30
    2025

    Express Scripts, a Cigna-owned subsidiary, filed a lawsuit in Arkansas to block a law that restricts pharmacy benefit managers, arguing the law would force closures and drive up costs. This legal action challenges consumer-protective regulation and is seen as an effort to preserve corporate interests over public welfare.

  • Cigna Accused of Trading Sensitive Health Data via Tracking Pixels Logo
    MAY
    09
    2025

    A proposed class action filed on May 9, 2025 alleges that Cigna violated federal HIPAA regulations and the Pennsylvania Wiretapping and Electronic Surveillance Control Act by allowing third-party tracking pixels from platforms such as Pinterest, Snapchat, and Meta to intercept patients' personal health data for corporate profit.

  • -70

    Business Practices and Ethical Responsibility

    May 22

    Cigna is accused of engaging in unethical business practices by trading sensitive health information for corporate profit, which represents a serious violation of patient privacy and regulatory obligations under HIPAA and state wiretapping laws. This behavior undermines trust in healthcare services and prioritizes corporate earnings over ethical responsibility.

    Cigna Hit With Proposed Class Action Over Online Tracking Pixels

  • Judicial Ruling Advances Lawsuit Over Cigna's Algorithmic Claim Denials Logo
    MAR
    31
    2025

    A U.S. District Judge in Sacramento advanced a class action lawsuit challenging Cigna's use of an automated algorithm to deny health insurance claims without the mandatory human doctor review, ruling that this practice may constitute a breach of fiduciary duty and unfair competition.

  • -60

    Business Practices and Ethical Responsibility

    May 22

    Cigna's use of an automated algorithm to deny health insurance claims without proper human oversight violates ethical business practices. The judge's ruling highlighted how relying on such technology without ensuring thorough individual evaluation can breach fiduciary responsibilities and harm consumers.

    Judge advances case over Cigna use of algorithms to deny health claims

  • -50

    Technology and Services Impact

    May 22

    The incident underscores the problematic deployment of technology in critical health services. Cigna's reliance on an algorithm that expedites claim denials without sufficient human intervention represents a misuse of technology that risks undermining patient care and accountability.

    Judge advances case over Cigna use of algorithms to deny health claims

  • Cigna Sued Over Use of AI in Denying Health Insurance Claims Logo
    JAN
    28
    2025

    A class action lawsuit alleges that Cigna's AI system, PXDX, is used to mass deny health insurance claims as a cost-saving measure, potentially compromising the quality of patient care. The allegations point to a reliance on algorithmic decision-making with little human oversight, raising ethical concerns over prioritizing profits over individual healthcare needs.

  • -50

    Business Practices and Ethical Responsibility

    May 22

    Cigna's implementation of the PXDX AI system for claim assessments has led to mass denials without adequate human review, reflecting a business practice that prioritizes cost savings over ethical patient care. This decision potentially harms vulnerable individuals who rely on thorough medical evaluation, indicating a disregard for ethical responsibility in business practices.

    Cigna Hit With AI Lawsuit Over Controversial AI Technology Use

  • -40

    Technology and Services Impact

    May 22

    The use of the PXDX artificial intelligence system to automate claim denials compromises the integrity of healthcare service delivery by reducing nuanced human oversight. This reliance on AI for critical health decisions raises serious concerns about the ethical deployment of technology in a field that directly affects individuals' well-being.

    Cigna Hit With AI Lawsuit Over Controversial AI Technology Use

  • Cigna Settles $172 Million False Claims Act Allegations Logo
    OCT
    06
    2023

    Cigna reached a settlement with the U.S. government over allegations of falsely billing Medicare Advantage by misrepresenting patient conditions. The agreement includes a payment of over $172 million and the adoption of a corporate integrity agreement with the U.S. Department of Health and Human Services Office of the Inspector General, addressing long-standing issues in its chart review and diagnostic coding practices.

  • -70

    Business Practices and Ethical Responsibility

    May 22

    Cigna’s actions, as detailed in the settlement, indicate a breach of ethical business practices by submitting false claims to boost Medicare Advantage reimbursements. This behavior reflects serious deficiencies in corporate integrity and accountability, negatively impacting trust in the system and contributing to broader issues of corporate misconduct.

    Cigna Reaches $172 Million Settlement Over False Claims Act Allegations

  • Cigna Settles $172M False Claims Allegations Logo
    SEP
    30
    2023

    Cigna agreed to pay $172,294,350 to resolve allegations under the False Claims Act that it submitted inaccurate and untruthful diagnosis codes for its Medicare Advantage plans, thereby inflating its payments from Medicare. The settlement addresses misconduct in its chart review and home visit practices which compromised billing integrity.

  • -80

    Business Practices and Ethical Responsibility

    May 22

    Cigna's submission of inaccurate diagnosis codes and failure to withdraw erroneous claims to inflate Medicare Advantage payments demonstrates unethical business practices that undermine the integrity of federal healthcare programs. This misconduct harms public trust and represents a serious breach of ethical business responsibilities.

    Cigna Group to Pay $172 Million to Resolve False Claims Act Allegations

  • Cigna Enhances Political Contributions Transparency Logo
    APR
    25
    2023

    Cigna has committed to expanding its political contributions reporting to include metrics that track the alignment of donations with its stated business priorities, following the withdrawal of a shareholder proposal. This move is aimed at increasing transparency and accountability in its political expenditures.

  • +70

    Political Contributions and Lobbying Efforts

    May 22

    By agreeing to expand the reporting of its political contributions to include metrics that track the alignment between its donations and stated corporate priorities, Cigna is taking a positive step towards greater transparency and accountability. This action may help deter hidden political influences that can support authoritarian agendas, thereby bolstering democratic integrity.

    Cigna Commits to Strengthening Transparency of Political Contributions

Corporate Financials

Revenue
2025
$171.00B
Total Assets
2025
$172.00B
Operating Income
2025
$5.86B
Total Equity
2025
$143.00B

Employees: 74,000

Industries

524114
Direct Health and Medical Insurance Carriers
524292
Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds
621111
Offices of Physicians (except Mental Health Specialists)