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Cigna (CI) shares declined around 8% as the company missed its fourth quarter earnings expectations due to higher medical expenses, though the company is reportedly taking corrective actions. Seana Smith and Josh Schafer discuss Cigna's latest results on Catalysts.

Cigna's health benefits segment spent 87.9% of premium revenue on medical expenses in quarter four, according to the health insurer. This issue is not unique to Cigna, as the healthcare industry as a whole faces ongoing cost pressures.

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This post was written by Josh Lynch