Becker's Healthcare August 8, 2024
Both CVS Health and Humana contend with rising inpatient costs in Medicare Advantage, but each points to different causes for the increases.
In 2023, insurers began warning that Medicare Advantage costs were climbing, as older adults sought out services put off during the COVID-19 pandemic.
UnitedHealth Group, the largest Medicare Advantage insurer, has reassured investors that medical costs are in line with expectations. Increasing medical costs in the second quarter of 2024 were mostly due to relaxed prior authorization requirements during the Change Healthcare cyberattack, executives said on a July 16 call.
Humana and CVS Health, the second and third largest insurers, respectively, also said costs are on the rise, especially in inpatient care.
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