- Nearly one million older Americans could lose their current health insurance as major private providers reduce their Medicare Advantage offerings.
- UnitedHealthcare is discontinuing plans for about 390,000 members next year, though it noted most impacted individuals can switch to alternative company plans.
- Humana will eliminate Medicare Advantage coverage for approximately 600,000 members as insurers re-evaluate low-profitability plans.
- The plan closures coincide with the annual Medicare open enrollment period, which runs through December 7.
- The reductions come amid widespread anxiety over healthcare affordability, with a recent survey showing 62 percent of U.S. adults worry about managing medical costs.
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