SCAN Health Plan and Sacramento, Calif.-based Sutter Health are bringing their co-branded Medicare Advantage plans to four more Northern California counties in 2027, up from six in 2026. SCAN and Sutter first announced their collaboration in 2025, with Sutter hinting…
Medicare Advantage
Health Care Service Corp. has cut its Medicare Advantage footprint in half less than two years after buying Cigna’s Medicare business for $3.3 billion, but the Chicago-based insurer says the narrowed focus will allow it to achieve sustainable growth over…
Blue Cross and Blue Shield of Minnesota is discontinuing most of its Medicare Advantage plans at the end of 2026, citing more than $500 million in Medicare losses over the past three years amid rising medical and pharmacy costs. “While…
Medicare Advantage plan choices are shrinking modestly, with the number of MA prescription drug plan options for an average beneficiary dropping for the third year in a row, according to an Oct. 1 KFF analysis of CMS data. The average…
Medicare Advantage insurer Devoted Health has closed a $555 million Series G round as part of a $1.18 billion financing deal. The remainder is a $622 million commitment from the same investors to buy shares from existing Devoted shareholders through…
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SCAN Health Plan and Costco shared Oct. 1 that their co-branded Medicare Advantage plans will go live in California and Nevada in 2027. The HMO will be available in 17 California counties and two Nevada counties on Jan. 1, a…
Vulnerabilities in CMS’ preclusion process contributed to Medicare Advantage and Part D plans making $72 million in payments for services linked to revoked providers from 2022 through 2024, the HHS Office of Inspector General found. Revocation ends a provider’s enrollment…
The Medicare Advantage market remains a bit of a paradox: it may look unchanged from a national level heading into 2027, but seniors will have fewer plans to choose from in more than half of the states and growth continues…
There will be four new entrants to the Medicare Advantage market in 2027, according to CMS data. In contrast, 18 payers that sold MA plans in 2026 won’t offer them next year, and the largest insurers collectively are pulling out…
While some payers are slimming down their Medicare Advantage reach, some are betting big on special needs plans. SNPs cover dually eligible Medicaid individuals (D-SNP), those with chronic conditions (C-SNP) and those needing long-term care (I-SNP). CMS released data Sept.…