Becker's Healthcare July 5, 2023
Medicare Advantage profits will likely be stable in 2023 but could face pressure from rising utilization rates in 2024, according to commentary from AM Best published June 30.
UnitedHealthcare and Humana, the two largest Medicare Advantage insurers, recently warned of rising medical utilization rates as beneficiaries access care delayed during the COVID-19 pandemic.
These trends could be widespread across the U.S., with some variation by state, Jason Hopper, associate director of AM Best said in a June 30 news release.
“MA expenses related to hospital and medical benefits, other professional services, emergency room visits, and prescription drugs have all increased by double digits...
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