Insurer Cigna spends $300 K lobbying gov't in 3Q
Managed care company Cigna Corp. bumped up its spending on federal lobbying by 15 percent in the third quarter compared with the same quarter last year, as it addressed issues tied to Medicare and the health care overhaul.
The Philadelphia insurer spent $300,000 in this year's July-to-September period, up from $260,000 in the same quarter last year. In this year's quarter, Cigna lobbied on issues tied to the Medicare Advantage and prescription drug programs and the taxation of employer-provided benefits. It also lobbied on the Open Access to Courts Act of 2009.
Cigna's spending total represented a 46 percent drop from this year's second quarter.
Besides Congress, Cigna also lobbied the White House, the Congressional Budget Office, the Centers for Medicare and Medicaid Services and the Department of Health and Human Services.
Cigna is the fourth-largest publicly traded health insurer based on enrollment, but its product portfolio is broader than many of its competitors. It operates health care, group disability and life segments in the U.S. It also sells individual insurance in several countries and runs an expatriate business that provides coverage for people living outside their home countries.