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A federal court in Illinois has sentenced the owner and CEO of a Hollywood, Fla.-based company to 25 years in prison for selling limited indemnity health plans as if they were full coverage plans using false and deceptive practices.

Cigna's board of directors declared a $1.40 per share cash dividend to be paid on Sept. 19. 

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Independent and provider-sponsored plans administrative expenses saw the highest growth in administrative expenses since 2008, according to a report from Sherlock Company published July 17. 

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