Cigna says it won IL Medicare-Medicaid contract


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Posted Online: Nov. 13, 2012, 5:40 pm
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BLOOMFIELD, Conn. (AP) — Health insurer Cigna Corp. said Tuesday it will coordinate coverage for Illinois residents who are eligible for both Medicare and Medicaid as part of a three-year contract.

Cigna's HealthSpring unit will be one of six health insurance companies participating in a project for the Illinois Department of Healthcare and Family Services. The companies will try to reduce costs by coordinating Medicare and Medicaid programs for about 118,000 people in six counties in the Chicago area. Cigna said HealthSpring has done business in the Chicago area since January 2005.

Medicare is a federal program that serves the elderly and disabled, and Medicaid is state-run and provides coverage for the poor though state and federal funding. Medicare generally pays for doctor and hospital visits and prescription drugs, while Medicaid typically helps pay for long-term care, such as nursing homes, among other services. The two programs operate independently of each other for the most part, and the lack of coordination between the programs means "dual eligible" members generate outsize expenses.

As a result, government agencies have been looking for ways to better coordinate their care and reduce spending. Humana Inc. announced Monday that it would also participate in the project for the Illinois Department of Healthcare and Family Services.

Cigna bought HealthSpring for $3.8 billion in January.

















 




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  Today is Monday, Sept. 1, the 244th day of 2014. There are 121 days left in the year.

1864 -- 150 years ago: We are informed by J.H. Hull that the reason the street sprinkler was not at work yesterday settling the dust on the streets, was because one of his horses was injured.
1889 -- 125 years ago: Bonnie McGregor, a fleet-footed stallion owned by S.W. Wheelock of this community, covered himself with glory at Lexington, Ky, when he ran a mile in 2:13 1/2. The horse's value was estimated as at least $50,000.
1914 -- 100 years ago: Troops are pouring into Paris to prepare for defense of the city. The German army is reported to be only 60 miles from the capital of France.
1939 -- 75 years ago: The German army has invaded Poland in undeclared warfare. Poland has appealed to Great Britain and France for aid.
1964 -- 50 years ago: Publication of a plant newspaper, the Farmall Works News, has been launched at the Rock Island IHC factory and replaces a managerial newsletter.
1989 -- 25 years ago: Officials predict Monday's Rock Island Labor Parade will be the biggest and best ever. Last minute work continues on floats and costumes for the parade, which steps off a 9:30 a.m.




(More History)