In recent earnings releases, KKR reported strong revenue of $5.74B (beating $2.11B expectations) but missed on EPS at $1.12 vs $1.14 expected. Cummins exceeded revenue expectations at $8.5B but fell short on EPS at $4.27 vs $5.01 expected due to Electrolyzer business charges. The Cigna Group outperformed on both metrics with $72.47B revenue and $8.08 EPS, demonstrating strong operational discipline.

The FTC finalized a settlement with Cigna's Express Scripts pharmacy benefit manager to reduce anticompetitive practices and lower insulin costs by up to $7 billion over the next decade. Cigna reported strong Q4 2025 earnings, beating revenue and EPS estimates, and increased its quarterly dividend to $1.56 per share. The stock rose 3.53% following the announcement.

The FTC has secured a landmark settlement with Cigna's Express Scripts requiring elimination of spread pricing, decoupling rebates from drug list prices, relocating its GPO from Switzerland to the U.S., and adopting a cost-plus reimbursement model for independent pharmacies starting in 2027. The NCPA views this as a major victory against anticompetitive PBM practices that have artificially inflated drug prices and harmed independent pharmacies.

The FTC has paused its administrative case against major pharmacy benefit managers (PBMs) including Cigna, CVS Health, and UnitedHealth Group, suggesting settlement negotiations may be underway. The 14-day suspension delays the evidentiary hearing to July 1. The case, filed in September 2024, accuses PBMs of unfair practices that inflated insulin prices. Recent investigations and political pressure from the Trump administration have intensified scrutiny on PBM practices, particularly regarding markups on specialty drugs and alleged use of shell companies to obscure profits.

UnitedHealth Group CEO Stephen Hemsley testified before House panels that rising hospital prices, consolidation, and prescription drug costs—not insurers—are the primary drivers of U.S. health care spending. He pledged to voluntarily eliminate and rebate profits on ACA exchange coverage this year and urged policy reforms including site-neutral payments and patent reform. UnitedHealth also announced a pilot program to accelerate Medicare Advantage payments for rural hospitals.

A new report from Hunterbrook Media alleges that CVS Health, UnitedHealth Group, and Cigna are using shell subsidiary companies called GPOs (Group Purchasing Organizations) to hide billions of dollars in drug rebates that should be passed to patients. The report claims these companies collect massive fees through their GPOs while telling customers they've passed on 100% of rebates, effectively siphoning off drug discounts meant for patients. Hunterbrook visited the GPO headquarters in Ireland, Switzerland, and Minnesota, finding mostly empty offices despite handling tens of billions in revenue.

BofA Securities highlighted Cigna's strong potential in commercial health insurance, noting its pharmacy benefit management platform and ability to deliver 10-15% annual EPS growth, while also discussing challenges and opportunities in the healthcare insurance market.

UnitedHealth Group's stock has dropped 35% in 2025 due to misjudged medical service costs, but the company plans to improve profit margins in 2026-2027 by adjusting Medicare Advantage bids and negotiating better rates.

The White House is preparing to introduce a healthcare framework to extend Affordable Care Act subsidies, proposing a two-year extension with updated eligibility limits and measures to control premium increases affecting approximately 22 million Americans.

Abeona Therapeutics saw a significant stock surge of over 25% after reporting strong Q3 earnings and positive updates on Zevaskyn, its gene therapy treatment for Recessive Dystrophic Epidermolysis Bullosa (RDEB), with major insurers now covering the treatment.

UnitedHealth reported $113 billion in revenue and $4.3 billion profit in Q3, with healthcare activist Wendell Potter criticizing the company's heavy reliance on government funding, which comprises 78% of its health plan revenues.

Mike Hagan from Smart Medigap Plans provides personalized Medicare insurance consultations, focusing on helping seniors navigate complex insurance options and find affordable healthcare plans.