Becker's Healthcare May 15, 2024
UnitedHealth Group executives said they’re not planning any major shakeups to their Medicare Advantage business as other insurers plan to pull back their offerings in 2025.
At a May 14 investor presentation, Brian Thompson, CEO of UnitedHealthcare, said medical cost trends and rates from CMS are in line with the company’s expectations.
“[I’m] really comfortable with what we’ll put into the marketplace for next year, and pleased with how we’re performing and what the opportunities are on the horizon for 2025,” Mr. Thompson told investors.
Medicare Advantage is facing two major headwinds: rising medical costs, and lower reimbursement rates from CMS.
Two of UnitedHealth’s major competitors, CVS Health and Humana, said they expect to lose members...
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