FORBES: With An Obamacare Boost, Cigna Latest To Raise Profit Outlook [View all]

[grahamhgreen]

Cigna (CI) became the latest in a parade of health insurance companies to report they are going to make even more money than they thought they would in 2014 thanks to new business strategies and a surge of younger customers signing up for coverage under the Affordable Care Act.

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The improved forecast is the latest in a parade of rosy financial projections from health insurance companies benefiting from the health law. Other insurers doing well include Aetna (AET) UnitedHealth Group (UNH), Humana (HUM) and Wellpoint (WLP), a major operator of Blue Cross and Blue Shield plans under the Anthem brand that also raised its profit outlook this week.

http://www.forbes.com/sites/brucejapsen/2014/05/01/with-an-obamacare-boost-cigna-latest-to-raise-profit-outlook/


NOTE: this is from 5/1/2014