Memorial Hermann, Cigna extend contract negotiation deadline

Connecticut-based insurance company Cigna Corp. (NYSE: CI) and Memorial Hermann Health System have extended their existing contract by about six weeks as negotiations continue. The commercial contract was previously slated to end March 16, but that's now pushed back to April 30. If negotiations are unsuccessful, Memorial Hermann’s hospitals, doctors and other providers would be out-of-network for Cigna's commercial customers starting May 1. Cigna's Medicare Advantage p lans currently are not affected. “Our…
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