Becker's Healthcare December 1, 2023
Medicare Advantage rate changes will have a ripple effect through UnitedHealth Group’s business in 2024, but its leaders have a sunny outlook despite lower projected growth.
The company projects it will add around 550,000 members in its Medicare, group and individual offerings, CFO John Rex told investors on Nov. 29, lower than the nearly 1 million it added in 2023.
“We consciously and strategically approached 2024 with balance, with multiple time frames in mind, keeping benefits as stable as possible for seniors while adapting to program funding changes and care patterns,” Mr. Rex said.
The company projects between $138 billion and $139 billion in revenue from Medicare Advantage in 2024, according to its 2023 investor guidance published...
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