UnitedHealth to drop Medicare Advantage plans for 600K people

UnitedHealthcare says it’s dropping some of its Medicare Advantage plans that collectively cover 600,000 people.

UnitedHealthcare, owned by UnitedHealth Group, covers more than 8 million people as the nation’s largest provider of Medicare Advantage plans . The business has been under pressure in recent quarters due to rising care use and rate cuts.

Which Medicare Advantage plans is UnitedHealthcare dropping?

What they're saying:

In an earnings call last week, Tim Noel, the company’s health insurance division CEO, said UnitedHealthcare is dropping plans that cover 600,000 members, "primarily in less managed products such as PPO offerings."

The plans being dropped are primarily those in which seniors have more choices on health care providers, according to The Spokesman-Review