How Medicare Advantage could kill nonprofit insurers – FierceHealthPayer

Small, regional nonprofit insurers are feeling a negative impact from the Medicare Advantage program that could force them to raise premiums, cut benefits or even leave the market, Politico New York reported.Nonprofit insurers in New York reported tens of millions of dollars in underwriting losses last year. EmblemHealth suffered a net underwriting loss of more than $167 million from Medicare, Excellus Blue Cross Blue Shield and HealthNow New York reported losses of $31.91 million and $78.97 million, respectively. They largely attribute those losses to three elements–reimbursement reductions, taxes and fees–plus the rising cost of care and prescription drugs.

Source: How Medicare Advantage could kill nonprofit insurers – FierceHealthPayer