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UCare to Close in 2026, Impacting 300,000 Beneficiaries

11/19/2025

34 3 Full Breakdown

Summary

Story summary

UCare, a Minneapolis-based nonprofit insurer, will shut down in 2026 after more than 40 years.
UCare served low-income Medicaid recipients and posted losses totaling over $500 million in recent years.
This followed a $300 million surplus two years earlier.
Nearly 300,000 Medicaid and Affordable Care Act (ACA) beneficiaries will transition to Medica, which will assume UCare's remaining plans.
UCare's 1,400 employees face an unclear future.

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Story summary

UCare, a Minneapolis-based nonprofit insurer, will shut down in 2026 after more than 40 years.
UCare served low-income Medicaid recipients and posted losses totaling over $500 million in recent years.
This followed a $300 million surplus two years earlier.
Nearly 300,000 Medicaid and Affordable Care Act (ACA) beneficiaries will transition to Medica, which will assume UCare's remaining plans.
UCare's 1,400 employees face an unclear future.