Becker's Healthcare March 24, 2023
Two senators are questioning insurers’ claims that proposed Medicare Advantage rates would cut member benefits.
Sen. Elizabeth Warren, a Massachusetts Democrat, and Sen. Jeff Merkley, an Oregon Democrat, sent letters to the chief executives of seven major payers: UnitedHealthcare, Cigna, Humana, Elevance Health, Centene, CVS Health and Molina Healthcare.
In the letters, sent March 22, the senators called the profits major companies make from the Medicare Advantage program “outrageous.”
“Given these outsize profits and the long history of corporate profiteering in the MA program, we are requesting information from your company about whether [the company] would...
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