Cigna sees profits jump after boosting Obamacare enrollment

Insurance giant Cigna saw its profits rise nearly 50 percent in the second quarter of the year from 2016 after an increase in enrollment on the individual healthcare market, which includes Obamacare’s exchanges.

Cigna’s earnings report, released Friday, comes just days after Republicans failed to get anywhere in the Senate on a bill to repeal parts of Obamacare, including the mandate requiring people to buy health insurance.