The Cigna Group

CI: XNYS (USA)

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Raising Our Uncertainty Ratings on Cigna and Elevance on Medical Utilization and Regulatory Concerns

Julie Utterback

Aug 13, 2025

MCO shares have been volatile in 2025 due to surging medical utilization and new regulatory threats. Elevated medical utilization has cut profits in most medical insurance end markets, and several potential policy changes could hurt Medicaid, individual plans, Medicare Advantage, and the PBMs, too.

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The Cigna Group

Raising Our Uncertainty Ratings on Cigna and Elevance on Medical Utilization and Regulatory Concerns

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