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Humana, UnitedHealthcare ending Medicare Advantage plans for 1 million seniors, insurers say
CBS News • • nation
Key Points:
- Humana and UnitedHealthcare, two of the largest private health insurers in the U.S., are discontinuing certain Medicare Advantage plans starting next year, impacting about 1 million seniors aged 65 or older.
- Humana's exit will affect approximately 600,000 enrollees, with most being offered alternative plans to maintain coverage.
- UnitedHealthcare will close a Medicare Advantage plan affecting around 390,000 members, who will also be given access to other UnitedHealthcare Medicare Advantage options.
- Both insurers cite rising costs and increased plan usage as key challenges driving these decisions, reflecting broader pressures within the healthcare industry.
