US drops appeal in case over UnitedHealth Medicare plans' rating
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The U.S. Centers for Medicare and Medicaid Services will not appeal a court order to recalculate the star ratings for UnitedHealth's Medicare plans, potentially costing the company millions in lost customers.
January 24, 2025 | 8:00 pm
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UnitedHealth may face financial losses as CMS will not appeal a court order to recalculate its Medicare plan ratings, potentially leading to a loss of customers.
The decision not to appeal means UnitedHealth's Medicare plans will be subject to recalculated ratings, which the company claims will result in financial losses due to lost customers. This is likely to negatively impact UnitedHealth's stock price in the short term.
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