Fierce Healthcare January 20, 2021
UnitedHealthcare is off to “an excellent start” in Medicare Advantage for 2021, UnitedHealth Group CEO David Wichmann told investors Wednesday.
On the company’s fourth-quarter earnings call, Wichmann said that the insurer expects to add 900,000 new members to its Medicare plans, including individual, group and dual special needs coverage.
Wichmann said that UnitedHealthcare has added 3.5 million more Medicare Advantage members over the past five years.
“2021 will be one of our strongest years of growth,” Wichmann said.
The MA market is hot and growing across the board, with insurers investing heavily in continuing to expand membership. Enrollment in the program has doubled over the past decade, according to data from the Kaiser Family Foundation, with 39% of beneficiaries enrolled...
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