HCSC buys Cigna’s MA business 

CHICAGO – HCSC has signed a definitive agreement with the Cigna Group to buy its Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D and CareAllies businesses for $3.3 billion. 

HCSC, an independent licensee of the Blue Cross Blue Shield Association, bills itself as the largest customer-owned health insurer, serving more than 22 million people across the United States. 

“The acquisition will bring many opportunities to HCSC and its members — including a wider range of product offerings, robust clinical programs and a larger geographic reach,” said Maurice Smith, HCSC’s CEO, president and vice chairman. “It builds on our commitment to expand access to quality, affordable care for people in all phases of their lives. We look forward to welcoming new members who will benefit from our proven community-first member and provider engagement model that values local relationships.” 

Cigna’s Medicare plans currently serve 3.6 million Medicare members, with nearly 600,000 in Medicare Advantage plans, more than 450,000 on Medicare Supplement plans and 2.5 million with Medicare Part D. CareAllies, which serves approximately 450,000 patients, is focused on driving the transition to physician value-based care by partnering with providers to form independent physician associations and accountable care organizations, as well as providing management services to support value-based care arrangements. 

HCSC expects to complete the acquisition, which is subject to customary closing conditions, including regulatory approvals, in 2025.