Reported 4 months ago
UnitedHealth Group's CEO, Andrew Witty, has highlighted a disruption in Medicaid reimbursement rates, causing the company's stock to decrease. Due to the end of a COVID-19 policy that required states to maintain enrollment in Medicaid programs, states have started disenrolling individuals from Medicaid, leading to decreased revenue for insurers like UnitedHealth. This unexpected disenrollment issue is lasting longer than anticipated, impacting not only UnitedHealth but also other insurers like Centene and Humana, causing a ripple effect in the industry.
Source: YAHOO