Two of the largest private health insurers in the U.S. are canceling some Medicare Advantage plans for seniors, CBS News has learned. Humana and UnitedHealthcare said they will suspend the plans starting next year, ending health care coverage for a total of about 1 million people age 65 and older. Healthcare Brew was the first to report the insurers’ actions. Humana’s decision to abandon the plan will affect approximately 600,000 members, according to a company spokesperson. “We periodically evaluate our Medicare offerings to ensure we can continue to provide coordinated, affordable care and access to high-quality care. As previously disclosed, we anticipate plan departures for 2027 will affect approximately 600,000 members,” Humana said in a statement to CBS News. The company noted that the majority of its affected members will be offered an alternative plan. UnitedHealthcare also confirmed that it will close a Medicare Advantage plan for approximately 390,000 of its members, who will have access to another UnitedHealthcare Medicare Advantage plan. The insurer said it faces higher costs and increased plan usage, pressures that are affecting the entire healthcare industry. Edited by Aimee Picchi More from CBS News Go deeper with The Free Press In:
