UnitedHealthcare, Humana Medicare Advantage cancellations to affect 1 million
The plans being discontinued are primarily Preferred Provider Organizations, which offer more flexible provider networks. UnitedHealthcare and Humana are canceling Medicare Advantage plans, affecting nearly one million people. The decision was made to protect corporate profits, with about 390,000 members of UnitedHealthcare expected to lose coverage due to high healthcare usage and rising medical costs. Around 600,000 people will lose care through Humana. The plans being discontinued are primarily Preferred Provider Organizations, which offer more flexible provider networks. The cuts focus on plans that allow patients to see out-of-network doctors. The move comes as Medicare enrollment season begins. Major insurers are reducing benefits to protect profits amid rising medical cost, reducing dental coverage and increasing out-patient costs.
Publicerad : 6 timmar sen förbi Steph Whiteside i Business Health Finance
(NewsNation) — UnitedHealthcare and Humana are canceling Medicare Advantage plans, a move that will affect nearly one million people.
The companies are the two largest private health insurance compan... [2012 symbols]
