LOUISVILLE, Ky. — Cigna has reportedly resumed talks to merge with their Louisville-based health care rival, Humana.
According to Bloomberg News, the companies held informal discussions about a potential deal.
Cigna had previously tried to merge with Humana in 2023 but called it off in December when the two companies could not come to an agreement on price and other financial terms.
Humana has faced shaky times this year after losing nearly 40% of its value and declining enrollments of its Medicare Advantage program.
They stated a share of its customers currently enrolled in plans rated four stars or higher for 2025 are down to 25% from 94% in 2024.
The insurer also suffered a Medicare ratings drop which could cost them $1.9 billion in 2026.
Medicare Advantage plans are privately run versions of the federal government’s Medicare program mostly for people aged 65 and older. The annual enrollment window for 2025 coverage began on Oct. 15. Shoppers will have until Dec. 7 to settle on coverage for next year.
Cigna’s value is about $94 billion while Humana’s is $32 billion.
Neither company has publicly commented on the potential deal.
Humana employs more than 12,000 in Louisville and is the fifth-largest employer in the city.
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