CMS penalizes UnitedHealthcare for low Medicare spending
Posted On: Sep. 16, 2021 11:03 AM CSTThe federal government has imposed sanctions on three Medicare Advantage health plans run by UnitedHealthcare Inc. because the health insurer spent too small a share of premium revenue on medical benefits for seniors, reports the Minneapolis Star Tribune. As a result, the federal Centers for Medicare and Medicaid will not allow the health plans to enroll new subscribers for next year.