CIGNA Issues Statement on State of New York Agreement
PHILADELPHIA--(BUSINESS WIRE)--CIGNA today issued the following statement after the New York Attorney General announced that Express Scripts and CIGNA have agreed to a settlement in a New York state lawsuit:
“We are pleased that there has been an agreement reached with the State of New York regarding the disputes over ESI’s provision of services to the state. In order to facilitate that settlement, we agreed to make a contribution, as prolonged litigation is not in anyone’s best interest. We believed that at all times, CIGNA fulfilled its obligations to the State of New York.”
About CIGNA
CIGNA (NYSE:CI) provides employers with benefits, expertise and services that improve the health, well-being and security of their employees. With more than 47 million covered lives in the United States and around the world, CIGNA's operating subsidiaries offer a full portfolio of medical, dental, behavioral health, pharmacy and vision care benefits and group life, accident and disability insurance. As of December 31, 2007, CIGNA Corp. and its subsidiaries had shareholders' equity of $4.7 billion. Full-year 2007 revenues totaled $17.6 billion. Web site: http://www.cigna.com.
