Story perspectives
UnitedHealthcare, Humana Cancel Medicare Advantage Plans for 1M
By Drooid · · How we work
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Story summary
- UnitedHealthcare and Humana are canceling Medicare Advantage plans, affecting nearly one million members.
- UnitedHealth Group says about 390,000 members will lose coverage due to unexpectedly high usage and rising costs.
- Humana CFO Celeste Mellet reports roughly 600,000 members, about 8% of enrollees, will lose care.
- Both insurers cite a two-year contraction driven by a spike in utilization and medical expenses.
