Insurers Sink as UnitedHealth Sees ‘Disturbance’ in Medicaid
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Health insurance stocks dove after UnitedHealth Group Inc. said it sees a “disturbance” coming as states pare enrollees in their Medicaid health programs following the end of the pandemic emergency.
As patients leave Medicaid, pressure is building on insurers to make sure reimbursements from states cover medical costs. It may be a “multi-quarter cycle” for states to start paying premium rates sufficient to cover the medical care that Medicaid members need, UnitedHealth Chief Executive officer Andrew Witty said Wednesday at the Bernstein 40th Annual Strategic Decisions Conference.