Becker's Healthcare May 29, 2024
Redeterminations could be shaking up margins in the Medicaid business, payer executives warn.
At a conference on May 29, UnitedHealth Group CEO Andrew Witty said the insurer is “watching” its Medicaid business.
“We’ve come through this prolonged redetermination cycle in Medicaid. 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 that,” Mr. Witty said.
Share prices for UnitedHealth and other insurers fell following Mr. Witty’s comments, Bloomberg reported May 29.
In an regulatory filing published May 29, Centene reported Medicaid claims were higher than expected in April. Early data from May shows costs are still elevated, Centene said....
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