Reported about 23 hours ago
UnitedHealthcare plans to discontinue numerous Medicare Advantage plans affecting over 600,000 seniors, highlighting a trend among insurers facing rising healthcare costs. This shift follows complaints from insurers about unexpectedly high usage of healthcare services. The Medicare Advantage market, concentrated among a few large companies, is experiencing adjustments with many plans cutting benefits or increasing out-of-pocket costs. Enrollees may need to navigate these changes carefully, especially during the upcoming Open Enrollment period.
Source: YAHOO