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October 18, 2021 POWER 25 HEALTHCARE

2021 Power 25 Health Care: David Cordani

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David Cordani leads one of the country’s largest health plans, Bloomfield-based Cigna Corp., and he’s an outspoken proponent of private insurance being the best way to make affordable healthcare coverage more widely available in the U.S.

David Cordani

And his company took a step this year to increase its presence in Connecticut’s health insurance marketplace.

In April, Cigna announced it was re-entering the state’s small group market, launching a new health plan targeted at employers with 50 or fewer workers. Cigna received regulatory approval from the Connecticut Insurance Department to begin offering a new small group plan in partnership with New York-based insurance technology company Oscar.

The two joined forces to offer a new fully-insured health plan called “Cigna + Oscar.”

The timing of the new plan was noteworthy because it came as Connecticut lawmakers were debating the future of the state’s health insurance marketplace, including a plan by progressive Democrats to launch a public health plan that would compete with private insurers.

Cordani has been a major opponent of a state-run public option, arguing it could threaten the insurance industry’s 50,000 jobs in Connecticut. In 2019, when a similar proposal was being debated in the state legislature, he reportedly threatened to relocate Cigna’s corporate headquarters elsewhere.

The legislation died that same day.

Cigna denied any threat was made, but the episode still underscored the power health insurers have in Connecticut, where they are one of the region’s largest employers.

Cordani oversees about 4,500 employees in Connecticut.

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