Nearly 3 million seniors face coverage loss as insurers exit Medicare Advantage
Major health insurers are abandoning Medicare Advantage plans, citing insufficient reimbursement rates and citing margin concerns.
What to know
- Nearly 3 million seniors will lose Medicare Advantage coverage as major insurers including Humana exit plans for 2027.
- Insurers cite a 2.48% CMS rate increase as insufficient to cover rising care costs, forcing them to trim benefits and abandon less profitable markets.
- Rural seniors face the sharpest disruption, as these markets have fewer insurance alternatives and less competitive choice.
The dispute Whether the 2.48% CMS rate increase is genuinely insufficient to cover care costs or whether insurers are using margin pressures as justification to exit less profitable markets. · positions read across 3 posts and comments
Insurers are prioritizing profits over seniors' access to affordable coverage.
-
“Health insurers, considering their bottom lines, are dumping Medicare Advantage plans.”
dalfen@mstdn.social · Mastodon
“Fewer choices of insurer, especially in rural areas • Higher deductibles and other healthcare costs • Fewer prescription drug coverage options”
dalfen@mstdn.social · Mastodon
Humana Major Medicare Advantage insurerCenters for Medicare & Medicaid Services (CMS) Federal regulator setting reimbursement rates
The record 4 articles and posts · last 30 days
What people are saying 3 voices from 1 site · verbatim
- Aug 12
-
D
Major insurers offering # MedicareAdvantage plans say the average rate increase of 2.48% recently set by The Centers for # Medicare & Medicaid Services (CMS) "would not cover rising patient care expenses." Concerned with bottom lines, some are "trimming benefits" & exiting markets they consider less profitable. "For seniors, especially those in…
-
D
"Older adults could be scrambling for new health coverage next year, especially in rural markets that have fewer insurance choices. "Humana... has been the first big insurer to spell out its Medicare Advantage plans for 2027, saying it will exit markets and plans covering 600,000 members... "...the move is intended to support its long-term…
-
D
Health insurers, considering their bottom lines, are dumping Medicare Advantage plans. Seniors might be affected in several ways: • Fewer choices of insurer, especially in rural areas • Higher deductibles and other healthcare costs • Fewer prescription drug coverage options 1 of 4🧵 (article screenshots follow) # USA # US # healthcare # Medicare #…