Becker's Healthcare June 5, 2024
The nation’s largest health insurers have signaled significant headwinds in recent months across their Medicare Advantage and Medicaid businesses as costs rise and the effect of redeterminations takes hold.
“Insurers were already having a rough year with government programs,” Wall Street Journal columnist David Wainer wrote May 29. “The latest comments from the industry’s largest company suggest the trouble is far from over.”
On May 29, UnitedHealth Group CEO Andrew Witty told analysts the company is “watching” its Medicaid business.
“We’ve come through this prolonged redetermination cycle in Medicaid,” he said. “Making sure the utilization, and the rate and everything else stay in perfect synchronicity during a multiquarter cycle — there’s probably going to be some disturbance around...
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