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Cigna’s new plan to cover multi-million dollar gene therapies

A screen displays the logo fro Cigna Corp. on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 16, 2019. REUTERS/Brendan McDermid

(Reuters) – Health insurer Cigna Corp on Thursday announced a new program that covers costs for expensive gene therapies that will cut out-of-pocket payments for customers.

Spark Therapeutics Inc and Novartis AG’s blindness therapy, Luxturna, and Novartis’ $2.1 million spinal muscular atrophy treatment, Zolgensma, will be the first two gene therapies included in the program, the company said.

Reporting by Manojna Maddipatla in Bengaluru; Editing by Anil D’Silva

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