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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cigna Group | NYSE:CI | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-5.71 | -1.69% | 333.00 | 339.15 | 332.23 | 338.55 | 1,305,561 | 01:00:00 |
The bad news: higher weight, cholesterol, blood pressure and blood sugar can raise health costs and out-of-pocket health expenses. The worse news: what you don’t know about your health could be even more costly to you.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150922005930/en/
The good news is there are health improvement programs and incentive strategies that are proven to help people address the conditions which increase costs, according to a three-year study of health plan consumer data by global health service company, Cigna (NYSE:CI).
Where health meets costs
The Cigna study of 200,000 customers shows how a handful of correctable health conditions, as indicated by unhealthy biometrics, can contribute to their average annual health care costs:
The cost of not knowing
When it comes to health conditions, those who have not undergone a biometric screening have higher health costs. For example,
“In too many cases our health and costs are getting worse, but it’s also in our power to change that,” said Cigna's Chief Nursing Officer, Mary Picerno. “Yes, we have to work hard, and have to do things we haven’t done before, but still, we can change it. And when we do, there can be financial rewards, along with the ultimate reward of better health.”
Lowering health costs today by preventing health issues tomorrow
Notably the study shows how incentive programs – such as consumer premium discounts, or health spending account funds -- play a key role as the impetus for individuals to participate in a biometric screening, to engage in healthier behaviors, and improve their clinical outcomes and costs. According to the Cigna study:
“Employers are increasingly rewarding employees who identify and address their potential health risks, by discounting the employee’s health plan premiums or adding funds to their health spending account to lower their annual out-of-pocket expenses,” said Picerno. “In 2014 Cigna distributed more than $80 million in rewards to Cigna group health plan customers who completed 1.6 million health goals. In the first eight months of 2015, Cigna customers have earned $93,814,080 in awards through their employer incentive programs.*”
* Cigna internal data, Do Incentives drive engagement, health and financial outcomes? September 1, 2015
About Cigna
Cigna Corporation (NYSE: CI) is a global health service company dedicated to helping people improve their health, well-being and sense of security. All products and services are provided exclusively by or through operating subsidiaries of Cigna Corporation, including Connecticut General Life Insurance Company, Cigna Health and Life Insurance Company, Life Insurance Company of North America and Cigna Life Insurance Company of New York. Such products and services include an integrated suite of health services, such as medical, dental, behavioral health, pharmacy, vision, supplemental benefits, and other related products including group life, accident and disability insurance. Cigna maintains sales capability in 30 countries and jurisdictions, and has more than 89 million customer relationships throughout the world. To learn more about Cigna®, including links to follow us on Facebook or Twitter, visit www.cigna.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150922005930/en/
Cigna CorporationJoe Mondy, 860-226-5499Joseph.Mondy@cigna.com
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