Cigna trying to avoid responsiblity for fraud by selling

If, after the Effective Date, Cigna proposes to (a) sell any or all of its business, business
units, or locations that offer Federal Health Care Program Plans (whether through a sale of assets, sale of stock, or other type of transaction); or (b) purchase or establish a new business, business unit, or location that offers Federal Health Care Program Plans, the CIA shall be binding on the purchaser of any business, business unit, or location and any new business, business unit, or location (and all Covered Persons at each new business, business unit, or location) shall be subject to the requirements of this CIA, unless otherwise determined and agreed to in writing by OIG. Cigna shall notify OIG, in writing, of such sale or purchase within 30 days following the closing of the transaction and shall notify OIG, in writing, within 30 days of establishing such new business, business unit, or location.

https://oig.hhs.gov/fraud/cia/agreements/The_Cigna_Group_09292023.pdf

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“They owe the shareholders a very good explanation for all this.“

Good luck with that.

For clarity, in this instance CIA is not referring to the government's Central Intelligence Agency. In this case, it refers to a Corporate Integrity Agreement.
Good luck to all.

They owe the shareholders a very good explanation for all this.

Humana would have been subject to it, too. All the businesses use shared technology. They may all be subject to compliance with the CIA, including the PBM, which has the DoD as a client. The recent outsourcing move was to try to separate the technology.

So basically, if a waiver isn’t given, hcsc would be subject to the audits and all of the monitoring that came with the deal?

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Cigna trying to avoid responsiblity for fraud by selling

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