CT insurance giant Cigna to sell Medicare Advantage policies to Chicago-based company for $3.3B

Jan. 31— Cigna Group is exiting the Medicare Advantage business, selling it to Chicago- based Health Care Service Corp., company officials announced today. Health Care Service Corp. runs Blue Cross and Blue Shield plans in Illinois, Texas, Oklahoma, New Mexico and Montana. Cigna has its headquarters in Bloomfield, with the giant ranked last year as the fourth…