Under Pressure? Insurers Hustle to Prove Medicaid Biz Isn’t Struggling
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Jun 07, 2024
Although UnitedHealth Group CEO Andrew Witty caused a brief health insurer stock selloff with his remarks about a Medicaid “disturbance,” both his company and other managed care powerhouses have since been busy trying to reassure jittery investors.
The trouble started on May 29, when Witty was answering questions from analyst Lance Wilkes during the Bernstein Strategic Decisions Conference. Witty pointed out that “there’s probably going to be some disturbance around” syncing Medicaid managed care payment rates with the heightened costs associated with covering Medicaid enrollees, now that millions of people have been dropped from the rolls during the “unwinding” process.
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