Sept. 15, 2021, 6:03 PM
Federal regulators have barred three Medicare health plans operated by
Private Medicare health plans are required to spend a certain threshold of their premium revenue on medical claims. The Centers for Medicare and Medicaid Services determined that the plans didn’t hit the required 85% level for three years in a row, prompting the sanctions, according to letters dated Sept. 2 and posted on the CMS website.
The plans cover about 83,000 UnitedHealth members and …