The Senate has abandoned efforts to reduce the cost of the Medicare program, which provides health insurance to people over 65 and the disabled.
That's good news for UnitedHealth Group $UNH (+0,95 %) a major player in the Medicare sector.
Could the outlook and Q2 results for $UNH (+0,95 %) perhaps better than expected. ? 🤔
Furthermore, UnitedHealth Group plans to $UNH (+0,95 %) plans to cut broker commissions for select Medicare Advantage plans, Bloomberg News reported, citing documents.
The insurance giant is making changes to its Medicare Advantage plans as rising costs negatively impact its financial position and share price. In recent months, the US government has introduced stricter payment guidelines, which is having a negative impact on the company's profits.
To address the situation, the company plans to cut broker commissions for certain Medicare Advantage plans, according to the report.
https://seekingalpha.com/news/4458612-unitedhealth-plans-to-cut-medicare-plan-commissions-report