Cigna Tops Estimates, Will Exit Obamacare Market After 2026 (1)

Cigna Group will stop offering health plans in the Affordable Care Act marketplaces at the end of this year, executives said, an exit that could pose a fresh challenge for the Obamacare customers who have seen premiums rise sharply.

The decision makes Cigna the second large health insurer to leave the market in as many years, after CVS Health Corp.’s Aetna unit withdrew.

“We did not make this decision lightly and appreciate the importance of ensuring patients have continuity through the transition,” Cigna Chief Operating Officer Brian Evanko said on a call with analysts. “This is a small ...