Healthcare Finance News January 21, 2020
UnitedHealthcare reported its strongest enrollment ever for Medicare Advantage plans in 2020.
Medicare Advantage plans are lucrative for insurers, as shown from UnitedHealth Group’s earnings report.
UnitedHealthcare Group reported strong enrollment in individual Medicare Advantage plans for 2020. In fact, the company’s 2020 individual Medicare Advantage annual enrollment results are its strongest ever, UnitedHealth Group CEO David Wichmann said. Within the company’s Medicare Advantage offerings including dual eligible growth, UnitedHealth expects to serve nearly 700,000 more people in 2020, the upper end of the range of projected performance.
Other insurers are expected to report similar strong MA results when they release their earnings.
At least a third of seniors are in MA plans over traditional fee-for-service Medicare and that percentage...
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