UnitedHealthcare, Humana Medicare Advantage Cancellations to Affect 1M

UnitedHealthcare, Humana Medicare Advantage cancellations to affect 1M

UnitedHealthcare and Humana are canceling the plans to boost corporate profits.

America’s largest health insurance companies cancel nearly 1M Medicare Advantage plans — here’s what that means for recipients

UnitedHealthcare and Humana are dropping Medicare Advantage plans for nearly 1 million members to protect profits as medical costs rise.

UnitedHealthcare and Humana are ending Medicare Advantage plans for nearly 1 million people

When payers end a plan, they either want to lose those customers altogether or get those customers to switch to a different, typically pared down and more profitable plan, Brooks Conway, a principal at Oliver Wyman actuarial consulting, told Healthcare Brew.

UnitedHealthcare, Humana Plan Changes Affect About 990,000 Members

Humana estimates its 2027 plan exits will affect about 600,000 members, while UnitedHealthcare’s discontinued plans cover about 390,000. Medicare open enrollment ends Dec. 7.