NYSE:CIHealthcare
Maryland Action On Cigna Automation Puts Claims Practices And Valuation In Focus
Maryland Insurance Administration issues enforcement action against Cigna Group (NYSE:CI) over automatic downcoding of evaluation and management claims.
Regulator orders Cigna to stop the automated practice and imposes a fine related to its use in Maryland.
Decision highlights closer scrutiny of insurer billing systems and potential implications for similar processes in other states.
Cigna Group, through its health insurance operations, sits at the center of how medical claims are processed...