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Medicare Advantage shopping season arrives with a dose of confusion and some political implications
Read full article: Medicare Advantage shopping season arrives with a dose of confusion and some political implicationsThinner benefits and coverage changes await many older Americans shopping for health insurance this fall.
CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist
Read full article: CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persistCVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below Wall Streetโs forecast.
CVS Health grows more cautious about 2024 as it deals with rising Medicare Advantage costs
Read full article: CVS Health grows more cautious about 2024 as it deals with rising Medicare Advantage costsBusy Medicare Advantage businesses have CVS Health and other insurance providers spooked about the new year.
Humana warns that rising care costs will persist through 2024, surprises Wall Street with forecast
Read full article: Humana warns that rising care costs will persist through 2024, surprises Wall Street with forecastHumana still doesnโt know why more people were admitted for short hospital stays than it expected late last year, and that is casting a shadow over health insurers early in 2024.
Late-year medical costs spike forces Humana to scale back profit expectations for 2023
Read full article: Late-year medical costs spike forces Humana to scale back profit expectations for 2023Shares of Humana are tumbling after the health insurer said it was still dealing with higher-than-expected care costs from its Medicare Advantage customers and it chopped earnings expectations.
CVS Health turns in better-than-expected 2Q even as pharmacy pricing, increased care use hurt
Read full article: CVS Health turns in better-than-expected 2Q even as pharmacy pricing, increased care use hurtCVS Health topped second-quarter expectations, but the health care giantโs profit sank as pricing pressure hurt its drugstore business and rising medical costs hit the health insurance side.
UnitedHealth shares rally as health care giant beats 2Q forecasts, eases care use concerns
Read full article: UnitedHealth shares rally as health care giant beats 2Q forecasts, eases care use concernsUnitedHealth beat second-quarter expectations as an acquisition and more Medicare Advantage customers fueled revenue growth that balanced a jump in care use.
Feds expect to collect $4.7B in insurance fraud penalties
Read full article: Feds expect to collect $4.7B in insurance fraud penaltiesThe Biden administration is estimating that it could collect as much as $4.7 billion from insurance companies with newer and tougher penalties for submitting improper charges on the taxpayersโ tab for Medicare Advantage care.
Biden administration proposes crackdown on scam Medicare ads
Read full article: Biden administration proposes crackdown on scam Medicare adsThe Biden administration has proposed a ban on misleading ads for Medicare Advantage plans that have targeted older Americans and, in some cases, convinced them to sign up for plans that donโt cover their doctors or prescriptions.
Medicare enrollees warned about deceptive marketing schemes
Read full article: Medicare enrollees warned about deceptive marketing schemesWith Medicareโs open enrollment underway, health experts are warning older adults about an uptick in misleading marketing tactics that might lead some to sign up for Medicare Advantage plans that donโt cover their doctors or prescriptions and drive up their out-of-pocket costs.
UnitedHealth tops Q1 forecasts, raises 2022 outlook
Read full article: UnitedHealth tops Q1 forecasts, raises 2022 outlookUnitedHealth Group delivered a better-than-expected first quarter and raised its 2022 forecast, as growth in Medicare Advantage coverage and care delivery once again helped the health care giant.
How a Medicare Advantage plan pivoted to help providers and patients during a global pandemic
Read full article: How a Medicare Advantage plan pivoted to help providers and patients during a global pandemicThe new Preferred Care Network, formerly Medica Healthcare, is once again making a mark in South Florida, the company said.
3 Medicare Advantage plans you should consider
Read full article: 3 Medicare Advantage plans you should considerOne of the comments that health care professionals say they hear from Medicare Advantage members is something along the lines of, โInflation is really affecting my daily life, and I cannot afford a health care plan that is going to cost me money.โ
Insurer Humana moves deeper into home care with $5.7B deal
Read full article: Insurer Humana moves deeper into home care with $5.7B dealHumana is spending $5.7 billion to jump deeper into delivering care at home, a trend that took off during the pandemic and one the health insurer expects will continue to grow.
Trump signs Medicare Advantage order at Central Florida's The Villages
Read full article: Trump signs Medicare Advantage order at Central Florida's The VillagesTrump chose the retirement community of about 120,000 retirees as the place to announce an executive order allowing the Department of Health and Human Services to expand Medicare Advantage, the private insurance option under Medicare. Trump promised Republicans "will always" protect patients with pre-existing conditions, and he said Medicare Advantage patients will experience less waiting times. WPLG-Local 10 NewsMedicare Advantage offers coverage of prescription drugs, dental and vision and it doesn't require "Medigap," which is separate supplemental private insurance. Critics of the plan have said the Trump administration is prioritizing private insurance companies' interests. "I think President Trump is looking out for the seniors," Raiford said.
Trump signs Medicare Advantage order at Central Florida's The Villages
Read full article: Trump signs Medicare Advantage order at Central Florida's The VillagesTHE VILLAGES, Fla. - Republicans at Central Florida's The Villages, a mega retirement community, welcomed President Donald Trump Thursday with cheer, as he stood in front of a "Great Healthcare For You" sign. Trump chose the retirement community as the place to announce an executive order allowing the Department of Health and Human Services to expand Medicare Advantage, the private insurance option under Medicare. Trump promised Republicans "will always" protect patients with pre-existing conditions, and he said Medicare Advantage patients will experience less waiting times. Critics of the plan have said the Trump administration is prioritizing private insurance companies' interests. "I think President Trump is looking out for the seniors," Raiford said.
Trump visits Florida to announce Medicare Advantage order
Read full article: Trump visits Florida to announce Medicare Advantage orderTHE VILLAGES - President Donald Trump chose a Florida retirement community to outline his vision for Medicare Advantage, a program for the elderly and disabled that would allow private insurers to provide benefits instead of the government. The president is scheduled to present the "Protecting Medicare from Socialist Destruction" executive order at The Villages, a mega-retirement community that covers Marion, Lake and Sumter counties, a Republican stronghold that Trump won in 2016. "Trump and his administration have worked to provide seniors with high-quality, affordable care in the Medicare program and improved options through Medicare Advantage," White House spokesman Judd Deere said in a statement. On Thursday, Trump will be the second sitting Republican president to visit The Villages. According to the Trump administration, Medicare Advantage beneficiaries will have more plan choices, with about 1,200 more plans operating in 2020 than in 2018, and its monthly plan premium is expected to decrease 14 percent to $23.00 in 2020 from an average of $26.87 in 2019.