Medicare Advantage plans cut for 1 million seniors, insurers say

Two of the largest private health insurers in the U.S., Humana and UnitedHealthcare, are discontinuing Medicare Advantage plans for seniors, affecting about 1 million individuals. Healthcare Brew first reported the changes. Humana is ending its participation in the plans, which will impact roughly 600,000 enrollees, according to a company spokesperson.

The company stated they regularly assess their Medicare offerings to ensure affordability and access to high-quality care. UnitedHealthcare will close a plan for approximately 390,000 of its members, who will still have access to another plan offered by the insurer. Both companies are facing higher costs and increased plan usage, pressures that are impacting the broader healthcare industry.