Cigna will cap how much insurance can spend on weight loss drugs as it tries to expand coverage
Publishing timestamp: 2024-03-07 12:38:56
Summary
Cigna is limiting spending increases for weight loss drugs to expand insurance coverage for those treatments. This move comes as insurers consider whether to cover these drugs due to high costs. Cigna's effort aims to make weight loss treatments more accessible by capping spending increases at 15% annually.
Sentiment: NEUTRAL
Keywords: biotech and pharmaceuticals, eli lilly and co, business, biotechnology, social issues, novo nordisk a/s, breaking news, business news, cigna corp, pharmaceuticals, health care industry,
Source: https://www.cnbc.com/2024/03/07/weight-loss-drugs-cigna-to-cap-employer-insurance-plan-spending.html