PHILADELPHIA, March 21, 2010 - Cigna Corp. (NYSE:CI) recognizes the historical significance of the enactment of the Patient Protection and Affordable Care Act. The law will expand access to health insurance to many who currently do not have coverage.
Cigna fully supports providing Americans access to quality, affordable health care coverage and acknowledges that some of the aspects of reforms addressed by this new law are overdue, such as eliminating pre-existing conditions from coverage decisions, providing full coverage for preventive services, and opening up access to many who are not currently insured.
Though impactful to the lives of many, it is Cigna's strong belief that this law does not adequately improve quality and address the dramatic cost increases of our health care delivery system. In particular, we must change from pay per service (or quantity) to pay for outcomes and efficiency. Without continued participation of all stakeholders to offer constructive solutions, the current proposal will only expand access and further erode affordability and quality of care for all. This is not a sustainable solution to America’s rising health care cost problem.
“As this law is implemented over time, it is our hope that lawmakers and regulators will remain engaged with Cigna as active participants in the discussion on how best to ensure every American is provided with quality, affordable health coverage,” said David Cordani, president and CEO of Cigna Corporation. “Cigna is a health service company with a focus on wellness and prevention. We will continue to work with employer partners to help them and their employees navigate the health care system, manage their health risks and stretch their health care dollars further.”
Cigna (NYSE:CI), a global health service company, is dedicated to helping people improve their health, well-being and sense of security. Cigna Corporation's operating subsidiaries provide an integrated suite of medical, dental, behavioral health, pharmacy and vision care benefits, as well as group life, accident and disability insurance, to approximately 46 million people throughout the United States and around the world. To learn more about Cigna, visit www.cigna.com. To sign up for email alerts or an RSS feed of company news, log on to http://newsroom.cigna.com/section_display.cfm?section_id=18. Also, follow us on Twitter: @cignatweets.