House Judiciary Committee Subpoenas Eight Health Insurers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
House Judiciary Committee Republicans have subpoenaed eight ACA health insurers as part of an expanding investigation into potential fraud tied to premium subsidies in the individual market, Maya Goldman of Axios reports. The probe continues despite enhanced premium tax credits expiring January 1, increasing pressure on the broader health insurance industry. House Judiciary Chair Jim Jordan issued subpoenas to Elevance (ELV), CVS (CVS), Centene (CNC), GuideWell, Oscar Health (OSCR), Kaiser Permanente, Health Care Service Corporation and Blue Shield of California, according to the report. Other publicly traded companies in the space include Cigna (CI), Humana (HUM), Molina Healthcare (MOH) and UnitedHealth (UNH). CVS told Axios that it has received the letter and is cooperating.
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Analyst Views on CI
Wall Street analysts forecast CI stock price to rise
16 Analyst Rating
14 Buy
2 Hold
0 Sell
Strong Buy
Current: 287.610
Low
300.00
Averages
335.63
High
378.00
Current: 287.610
Low
300.00
Averages
335.63
High
378.00
About CI
The Cigna Group is a global health company. The Company has two growth platforms: Evernorth Health Services and Cigna Healthcare. Evernorth Health Services includes its Pharmacy Benefit Services and Specialty and Care Services operating segments, which provide independent and coordinated health solutions and capabilities to enable the healthcare system to work better and help people live richer, healthier lives. Cigna Healthcare includes the U.S. Healthcare and International Health operating segments, which provide comprehensive medical plan services and coordinated solutions to clients and customers. Its Other Operations include corporate-owned life insurance (COLI), the Company's run-off operations and other non-strategic businesses. Specialty and Care Services provides specialty drugs for the treatment of complex and rare diseases, specialty distribution of pharmaceuticals and medical supplies, and clinical programs to help its clients.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Innovative Donation Pathway: The first-of-its-kind donation pathway created through Express Scripts Pharmacy allows humanitarian organizations to source medications directly from pharmacies, addressing unmet medical needs in the U.S. and improving supply chain efficiency.
- Emergency Medication Stockpile: The donated medications include those for treating common conditions such as asthma, COPD, and diabetes, with long shelf lives that ensure rapid availability during disasters, thereby strengthening community disaster preparedness.
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See More
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- Credit Card Rate Cap: The proposal for a 10% cap on credit card interest rates led to a decline in financial stocks in January, and while large banks have begun to recover in February, pure credit card stocks remain below pre-announcement levels, reflecting market uncertainty regarding the policy.
- Medicare Payment Rates: The administration's plan to limit increases in Medicare payment rates aims to combat alleged fraud by insurers, and while the industry has not reacted aggressively, concerns about the policy's implications linger in the market.
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- Antitrust Measures: Modeled after the 1933 Glass-Steagall Act, the bill seeks to prohibit common ownership among insurance companies, PBMs, and medical providers, aiming to combat monopolistic practices by 'Big Medicine' and protect the interests of working Americans.
- Enforcement and Impact: The bill empowers the FTC and DOJ to enforce these separations, with penalties including profit disgorgement for non-compliance, and proponents argue that it will eliminate self-dealing that currently inflates medical loss ratios and consumer premiums.
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- Earnings Beat Expectations: Cigna reported fourth-quarter 2025 revenue of $72.49 billion, exceeding analyst estimates of $69.83 billion and reflecting a 10% year-over-year increase, primarily driven by strong performance from Evernorth Health Services, indicating sustained growth potential in the healthcare sector.
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- Optimistic Future Outlook: Cigna expects fiscal 2026 revenues of approximately $280 billion, slightly below the consensus of $283.86 billion, but anticipates adjusted income from operations of at least $7.95 billion, demonstrating confidence in future growth despite market challenges.
See More
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- Yield Metrics: The forward yield stands at 2.3%, providing relative attractiveness in the current market environment, which may draw in income-seeking investors and enhance the stock's appeal.
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See More
